Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2011-03-08
2011-03-08
Kazimi, Hani (Department: 3691)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
07904378
ABSTRACT:
An auction result prediction system predicts auction results. The system may determine item, seller, or auction characteristics from prior or pending auctions. The system also obtains item characteristics of an item for which a result prediction is sought, either by a buyer or by a seller. A price predictor in the system accepts the auction and item characteristics and predicts an auction result based on the characteristics. The system also determines insurance parameters for insuring online auctions, and the insurance parameters may be based on predicted auction results. An insurance policy reflecting the insurance parameters may be offered to an online auction buyer, seller, or other market participant. The insurance policy may insure, for example, that an item for sale will obtain at least a price specified by the insurance policy.
REFERENCES:
Ghani, R: Price Prediction and Insurance for Online Auctions, Aug. 21-24, 2005, KIDD'05, Chicago, IL, pp. 411-418.
Accenture: Online Auction Price Insurance—Accenture prototype helps “insure” companies get their price, www.accenture.com, pp. 1-2.
Wang et al: Explaining and Forecasting Online Auction Prices and their Dynamics using Functional Data Analysis, Dec. 2004, Journal of Business & Economics, pp. 1-17.
Ghani Rayid
Simmons Hillery D.
Accenture Global Services Limited
Brinks Hofer Gilson & Lione
Kazimi Hani
Shrestha Bijendra K
LandOfFree
Auction result prediction with auction insurance does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with Auction result prediction with auction insurance, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Auction result prediction with auction insurance will most certainly appreciate the feedback.
Profile ID: LFUS-PAI-O-2710365