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:
Apr. 05, 2011
Filed:
Jun. 01, 2007
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
An auction is conducted by obtaining, from a buyer, information associated with a product to be purchased using an auction, where the buyer purchases the product from a winning bidder. The obtained information associated with the product is made available to at least a first bidder and a second bidder. A first bid that includes a first price and a first non-price information is received from the first bidder. A second bid that includes a second price and a second non-price information is received, from the second bidder. Non-price information is associated with (1) a description of a particular product a given bidder will provide in the event the given bidder wins the auction and/or (2) delivery of a product by the given bidder in the event the given bidder wins the auction. A first comparison value is generated based at least in part on the first price and the first non-price information. A second comparison value is generated based at least in part on the second price and the second non-price information. The first comparison value and the second comparison value are compared and the winning bidder of the auction is selected based at least in part on the comparison.