Greg S Anderson

Title: Innovations of Greg S Anderson

Introduction

Greg S Anderson is an accomplished inventor based in Cranberry Township, PA (US). He has made significant contributions to the field of electronic auctions through his innovative methodologies. His work focuses on enhancing the bidding process by incorporating multi-parameter optimal bidding strategies.

Latest Patents

Greg S Anderson 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 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

Greg is currently employed at Ariba, Inc., where he continues to develop and refine his innovative auction methodologies. His work has been instrumental in advancing the efficiency and effectiveness of electronic auctions.

Collaborations

Some of his notable coworkers include Virind S Gujral and Tim Jackovic, who have collaborated with him on various projects within the company.

Conclusion

Greg S Anderson's contributions to the field of electronic auctions demonstrate his commitment to innovation and improvement in bidding processes. His patent reflects a significant advancement in how auctions can be conducted, providing valuable insights for buyers and bidders alike.