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. 15, 2008
Filed:
Jun. 27, 2002
Manish Srivastava, San Carlos, CA (US);
Ngai-ming Wang, Fremont, CA (US);
Robert Foushee, Alpharetta, GA (US);
Parisa Hudson, San Francisco, CA (US);
Dave Stephens, Half Moon Bay, CA (US);
Manish Srivastava, San Carlos, CA (US);
Ngai-Ming Wang, Fremont, CA (US);
Robert Foushee, Alpharetta, GA (US);
Parisa Hudson, San Francisco, CA (US);
Dave Stephens, Half Moon Bay, CA (US);
Oracle International Corporation, Redwood Shores, CA (US);
Abstract
An auction method for implementing attribute-based bidding and bid comparison in an electronic exchange. A specification defining an auction for an item is received, wherein the specification comprises a plurality of attributes of the item. An attribute defines the functionality of an aspect of the item with respect to the current auction. At least one attribute comprises a value and a score associated with the value and a portion of the plurality of attributes comprise a relative weight. The auction is then published to at least one bidder. A bid is received from a bidder, wherein the bid comprises a value associated with at least one attribute. A composite score for the bid is calculated based on the bid and the specification. A plurality of bids are then ranked based on the composite score for each bid. An evaluation score is calculated for each bid based on the bid price and composite score. A plurality of bids are then ranked based on the evaluation score for each bid.