The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Mar. 07, 2006
Filed:
Mar. 31, 1999
Sam E. Kinney, Jr., Sewickley, PA (US);
Vincent F. Rago, Pittsburgh, PA (US);
Glen T. Meakem, Sewickley, PA (US);
Robert G. Stevens, Pittsburgh, PA (US);
David J. Becker, Sewickley, PA (US);
Anthony F. Bernard, Wexford, PA (US);
William D. Rupp, Pittsburgh, PA (US);
Daniel C. Heckmann, Pittsburgh, PA (US);
Sam E. Kinney, Jr., Sewickley, PA (US);
Vincent F. Rago, Pittsburgh, PA (US);
Glen T. Meakem, Sewickley, PA (US);
Robert G. Stevens, Pittsburgh, PA (US);
David J. Becker, Sewickley, PA (US);
Anthony F. Bernard, Wexford, PA (US);
William D. Rupp, Pittsburgh, PA (US);
Daniel C. Heckmann, Pittsburgh, PA (US);
Other;
Abstract
A method and system for an electronic auction is described. Bids by participating bidders are specified over multiple contract term segments (e.g., years), and define a pattern of cash payments over time. The auction system converts the defined pattern of cash payments over time into a net present value bid. The net present value bids are used to effect a comparison between participating bidders.