Bid management optimization
US8190508B1 · kind B1 · utility
10Cited by
2References
28Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Jul 29, 2010 |
| Grant date | May 29, 2012 |
| Priority date | — |
| Expiry date | Jul 29, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computing device receives, from a module that manages bids to bid engines, data relating to a bid rule, the data including at least two metrics concerning performance of the bid rule. Two of the metrics are selected for defining a goal for the bid rule, wherein a first one of the selected metrics is a primary metric and a second one of the metrics is a secondary metric, the primary metric being a value that is subject to an optimization, and the secondary metric being used to establish one or more constraints. The goal is defined by performing the optimization subject to the one or more constraints.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.