This inventor holds 1 USPTO granted patent. Top assignee: Ariba, Inc.. Active years: 2014.
Company Filing History:
Years Active: 2014
Title: Tim Jackovic: Innovator in Electronic Auction Methodologies
Introduction
Tim Jackovic is a notable inventor based in Mt. Lebanon, 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 bidding strategies.
Latest Patents
Tim Jackovic 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 more comprehensive view of the bids, enabling them to make informed decisions when selecting the winning bidder. The system offers real-time feedback on bidding activities, allowing participants to adjust their bids dynamically. The innovative bidding software ensures that non-price parameters do not influence the price bids, thereby facilitating an objective evaluation of the optimal bid.
Career Highlights
Tim Jackovic is currently employed at Ariba, Inc., where he continues to develop and refine auction methodologies. His work has been instrumental in advancing the capabilities of electronic bidding systems.
Collaborations
Some of his notable coworkers include Virind S Gujral and Greg S Anderson, who have collaborated with him on various projects within the company.
Conclusion
Tim Jackovic's contributions to electronic auction methodologies have significantly impacted the way bidding processes are conducted. His innovative approach to multi-parameter bidding enhances the decision-making capabilities of buyers and fosters a more competitive auction environment.