Company Filing History:
Years Active: 2008-2012
Title: Innovations by Christopher J Smith
Introduction
Christopher J Smith is an accomplished inventor based in Wexford, PA (US). He holds a total of 4 patents that showcase his innovative contributions to electronic auction methodologies. His work has significantly impacted the way bidding processes are conducted in various industries.
Latest Patents
One of his latest patents is titled "Method and system for conducting electronic auctions with aggregate lotting for transformation bidding." This patent describes an auction methodology where individual demands are bid in lots. An aggregation of several lots is then run as an individual lot to determine if the buyer can attract a lower price offering from bidders. The methodology includes a bidder-specific transformation factor for the aggregate lot, which is computed by combining selected transformed values for each lot. This innovative approach allows buyers to accurately evaluate bids received for the aggregate lot, ultimately leading to optimum bidding outcomes.
Another notable patent is the "Method and apparatus to perform buy versus leasing transformational bidding." This invention describes a method and apparatus to transform bids in an electronic auction. It involves receiving bids with different values and units of measurement and transforming them into a standard unit of measurement. This transformation facilitates a more straightforward comparison of bids, enhancing the efficiency of the bidding process.
Career Highlights
Christopher J Smith is currently employed at Ariba, Inc., where he continues to develop innovative solutions in the field of electronic auctions. His expertise in auction methodologies has positioned him as a key player in the industry.
Collaborations
Throughout his career, Christopher has collaborated with notable colleagues, including Anthony F Bernard and William D Rupp. These collaborations have contributed to the advancement of his innovative projects and patents.
Conclusion
Christopher J Smith is a prominent inventor whose work in electronic auction methodologies has led to significant advancements in the field. His patents reflect a commitment to innovation and efficiency in bidding processes.