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:
Feb. 26, 2013
Filed:
Jul. 17, 2009
Vijay Kulavade, Clark, NJ (US);
Dhananjay Nagalkar, Bridgewater, NJ (US);
Subhash Makhija, Westfield, NJ (US);
Anand Rau, Edison, NJ (US);
Vijay Kulavade, Clark, NJ (US);
Dhananjay Nagalkar, Bridgewater, NJ (US);
Subhash Makhija, Westfield, NJ (US);
Anand Rau, Edison, NJ (US);
Global eProcure, Clark, NJ (US);
Abstract
A tool used for managing multiple auctions is presented. The tool includes instructions providing the capability of creating subgroups of auctions based on criteria used to sort data pertaining either to the subject matter of the auction or to its participants. Further, the tool manages within-group closing times by extending closing times of all auctions in the group. A comparison of a recent bid to extension criteria may extend the closing time of an auction by an extension period; if the number of times this auction is extended meets a trigger number, then all closing times of all auctions in the group are extended by a specified time related to the trigger number and the extension period.