Multi-attribute auction methodology and system

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance

Reexamination Certificate

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C705S026640, C705S061000

Reexamination Certificate

active

09545568

ABSTRACT:
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).

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