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:
Oct. 12, 2010
Filed:
Oct. 31, 2007
Marc Alaia, Glenshaw, PA (US);
David J. Becker, Sewickley, PA (US);
Anthony F. Bernard, Wexford, PA (US);
Daniel C. Heckmann, Pittsburgh, PA (US);
Sam E. Kinney, Jr., Sewickley, PA (US);
Glen T. Meakem, Sewickley, PA (US);
Vincent F. Rago, Pittsburgh, PA (US);
Jason Reneau, Boston, MA (US);
Frederick W. Roberts, Pittsburgh, PA (US);
William D. Rupp, Pittsburgh, PA (US);
Robert G. Stevens, Pittsburgh, PA (US);
Marc Alaia, Glenshaw, PA (US);
David J. Becker, Sewickley, PA (US);
Anthony F. Bernard, Wexford, PA (US);
Daniel C. Heckmann, Pittsburgh, PA (US);
Sam E. Kinney, Jr., Sewickley, PA (US);
Glen T. Meakem, Sewickley, PA (US);
Vincent F. Rago, Pittsburgh, PA (US);
Jason Reneau, Boston, MA (US);
Frederick W. Roberts, Pittsburgh, PA (US);
William D. Rupp, Pittsburgh, PA (US);
Robert G. Stevens, Pittsburgh, PA (US);
Ariba, Inc., Sunnyvale, CA (US);
Abstract
Controlling overtime in an auction is disclosed. A first time interval and a second time interval are defined. A first closing time for a first lot is also defined. A first bid is received for the first lot. A second bid is received for the first lot. A correlation between the second bid and the first bid is determined. The first closing time is extended using the second time interval if the correlation between the second bid and the first bid satisfies a trigger criterion. The trigger criterion is selected from a group consisting of a rank behind market and a quantity behind market.