Patent №
US 7,200,570
Granted
2007-04-03
Filed 2000
Owner
INTERNATIONAL BUSINESS MACHINES CORPORATION
Lab
AI components
1
ml
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
09545568
A way to conduct complex transactions by auction efficiently and with a high degree of automation is provided by a methodology for conducting auctions in which bids contain multiple attributes, as opposed to a single attribute (price). Bidders are requested to specify values for each of a set of attributes, which can include transaction terms as well as product and/or service specifications. The bids are evaluated according to criteria that are functions of these attributes in order to reject losing bids and assist the auctioneer in selecting the winning bid(s).
AI classification
Ownership
INTERNATIONAL BUSINESS MACHINES CORPORATION
assignment · 109460253
Assignors
WU, FREDERICK Y.
On an employer assignment, the assignors are typically the inventors.