Method, system, and medium for winning bid evaluation in an auction

US8095428B2 · kind B2 · utility

Assignee

• SAP AG · DE

Inventors

• Narendra Penagulur · Sunnyvale, US
• Narinder Singh · Rue de l'Église, US
• Yan Cui · Beijing, CN
• Lenin Subramanian · Palo Alto, US

Key dates

• Filing date: Oct 31, 2006
• Grant date: Jan 10, 2012
• Expiry date: Mar 7, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

An internal auction system may allow a seller to enter a scheduled auction. The scheduled auction may be a simple scheduled auction and a conditional scheduled auction. The internal auction system may receive parameters for the scheduled auction, determine a scheduled auction as a function of the received parameters, create the scheduled auction, and publish the scheduled auction at a specified start time on a seller e-commerce site visible to a buyer. A simple scheduled auction may be associated with a start time and a duration. A conditional scheduled auction may be associated with a condition and an action to be executed when the condition evaluates to a specified value.