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:
Sep. 06, 2011
Filed:
Sep. 25, 2006
Paul Ilechko, Skillman, NJ (US);
Alex Sanielevici, Delray Beach, FL (US);
Paul Ilechko, Skillman, NJ (US);
Alex Sanielevici, Delray Beach, FL (US);
International Business Machines Corporation, Armonk, NY (US);
Abstract
The present invention describes a configurable risk-driven contracting service for limited capacity advanced-scheduled events for which tickets are sold. In the invention, multiple batches of tickets can be released in a time-sequenced fashion. Some of the batches can be auctioned. Dynamic per-batch pricing can be implemented that is based upon a relative market value of the tickets, which can be determined in part by captured auction data. Auction data can include, but is not limited to, bid price, bid volume, bidder diversity, ticket quantities per bid, and bidding frequency. Auction parameters and ticket prices can vary over time in accordance with seller risks and opportunity costs, which can dynamically change as tickets for an event are sold and as the time of the event approaches. Auction bids can be adjusted for bidder selectable constraints, each having a constraint specific value. The invention can utilize one or more Web services.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile