Company Filing History:
Years Active: 2014
Title: The Innovative Mind of Dan V Pedersen
Introduction
Dan V Pedersen is a notable inventor based in Pittsburgh, PA (US). He has made significant contributions to the field of electronic auctions through his innovative patent. His work exemplifies the intersection of technology and commerce, providing new methodologies for conducting auctions.
Latest Patents
Dan V Pedersen holds a patent for a "System and method for conducting electronic auctions with multi-parameter optimal bidding." This patent introduces an auction methodology that allows bidders to compete not only on price but also on various non-price parameters such as lead time, labor rate, and contract length. This multi-parameter bidding approach provides buyers with a broader range of information when selecting the winning bidder. The system offers real-time feedback on bidding activity, enabling bidders to adjust their bids effectively. The innovative bidding software ensures that non-price parameters do not influence the price bid, allowing for a more objective determination of the optimal bid.
Career Highlights
Dan is currently employed at Ariba, Inc., where he continues to develop and refine auction methodologies. His work has had a significant impact on how electronic auctions are conducted, enhancing the bidding process for both buyers and sellers.
Collaborations
Throughout his career, Dan has collaborated with talented individuals such as Virind S Gujral and Tim Jackovic. These collaborations have contributed to the development of innovative solutions in the field of electronic commerce.
Conclusion
Dan V Pedersen's contributions to the field of electronic auctions demonstrate his innovative spirit and commitment to improving bidding methodologies. His patent reflects a forward-thinking approach that enhances the auction experience for all participants.