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:
Jul. 24, 2007
Filed:
Mar. 31, 1999
Method and system for conducting electronic auctions with multi-parameter price equalization bidding
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);
Julia L. Rickert, Wexford, PA (US);
Shane M. Tulloch, Pittsburgh, PA (US);
Jennifer L. Riddle, Pittsburgh, PA (US);
Nikki A. Sikes, Pittsburgh, PA (US);
John P. Levis, Iii, 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);
Julia L. Rickert, Wexford, PA (US);
Shane M. Tulloch, Pittsburgh, PA (US);
Jennifer L. Riddle, Pittsburgh, PA (US);
Nikki A. Sikes, Pittsburgh, PA (US);
John P. Levis, III, Pittsburgh, PA (US);
Ariba, Inc., Sunnyvale, CA (US);
Abstract
A method and system for conducting electronic online auctions using multi-parameter price equalization bidding is disclosed. Bids defined in a context of a bidder are transformed into a comparative bid parameter that enables a common basis of comparison for the submitted bids. A transformed bid of a first bidder can also be detransformed into a context of a second bidder, thereby enabling each individual bidder to view a comparison of submitted bids in their own context.