Multi-attribute auction methodology and system
US7200570B1 · kind B1 · utility
15Cited by
17References
20Claims
0Family size
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Key dates
| Filing date | Apr 7, 2000 |
| Grant date | Apr 3, 2007 |
| Priority date | — |
| Expiry date | Apr 7, 2020 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A way to conduct complex transactions by auction efficiently and with a high degree of automation is provided by a methodology for conducting auctions in which bids contain multiple attributes, as opposed to a single attribute (price). Bidders are requested to specify values for each of a set of attributes, which can include transaction terms as well as product and/or service specifications. The bids are evaluated according to criteria that are functions of these attributes in order to reject losing bids and assist the auctioneer in selecting the winning bid(s).
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.