Apparatus and method for online negotiation
US8423376B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 10, 2008 |
| Grant date | Apr 16, 2013 |
| Priority date | — |
| Expiry date | Mar 12, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/188
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system, apparatus, article of manufacture and method for facilitating an automatic negotiation between a consumer and a vendor for purchase of an item is described. An electronic negotiation unit receives an offer to purchase the item, and automatically processes the offer. The processing is performed by a computer and includes accepting the offer if it is greater than a bottom line price for the item. The offer is rejected if the offer is below a negotiation range which extends below the bottom line price. If the offer is within the negotiation range for the item, the electronic negotiation unit automatically generates a counter offer price that is greater than or equal to the bottom line price. If the counter offer is within a final offer range the counter offer is designated as a final counter offer.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.