Method and system for dynamically controlling overtime in electronic auctions

US7558746B2 · kind B2 · utility

Assignee

• ARIBA, INC. · US

Inventors

• Marc Alaia · Glenshaw, US
• David J. Becker · Dorpsstraat, US
• Anthony F. Bernard · Wexford, US
• Daniel C. Heckmann · Pittsburgh, US
• Sam E. Kinney, Jr. · Dorpsstraat, US
• Glen T. Meakem · Dorpsstraat, US
• Vincent F. Rago · Pittsburgh, US
• Jason Reneau · Boston, US
• Frederick W. Roberts · Pittsburgh, US
• William D. Rupp · Mount Lebanon, US
• Robert G. Stevens · Tokyo, JP

Key dates

• Filing date: Aug 7, 2006
• Grant date: Jul 7, 2009
• Expiry date: Jun 9, 2027

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Information about a first lot and a second lot is displayed. The information includes a first closing time for the first lot, and a second closing time for the second lot. The second closing time is later than the first closing time. Responsive to the receipt of a bid for the first lot within a first predefined timer interval of the first closing time, an updated first closing time for the first lot is determined. The updated first closing time is displayed. If the updated first closing time is less than a second predefined time interval from the second closing time, an updated second closing time is displayed.