SYSTEM AND METHOD FOR ALLOCATING BUSINESS TO ONE OF A PLURALITY OF SELLERS IN A BUYER DRIVEN ELECTRONIC COMMERCE SYSTEM

Patent №

US 8,548,871

Granted

2013-10-01

Filed 2009

Owner

PRICELINE.COM INCORPORATED

Lab

AI components

1

ml

Assignment

Recorded

Dataset

AIPD

2023_r1 edition

Application

12390375

A system and method for allocating conditional purchase offers (CPO) among a plurality of agency-based and broadcast-based sellers in a buyer-driven commerce system. In one embodiment, the system determines which agency-based or broadcast-based sellers can fulfill or satisfy the CPO and orders those sellers in a priority order. In another embodiment, the priority is determined by relative market share and number of recent opportunities to satisfy the CPO. In another embodiment, the priority is also determined by metrics and buyer information. In another embodiment, the priority is determined randomly. The system ensures that when a buyer can satisfy the CPO at multiple prices levels, the highest price level fulfills the CPO. This ensures maximum seller revenue for each CPO.

Machine learningG07F 9/026G06Q 20/02G06Q 20/04G06Q 20/12G06Q 20/24G06Q 20/403G06Q 30/0601G06Q 30/0613+3 more

AI classification

Machine learning0.64
Knowledge representation0.08
Planning0.02
Evolutionary computation0.01
AI hardware0.00
Speech0.00
Vision0.00
Natural language0.00

Ownership

PRICELINE.COM INCORPORATED

assignment · 325160504

Assignors

WALKER, JAY S., SPARICO, THOMAS M., WISSE, ROBERT S.

On an employer assignment, the assignors are typically the inventors.

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