Automated bid decision technique

Details Automated bid decision technique Automated bid decision technique

2008-03-18

2008-03-18

Nguyen, Nga (Department: 3692)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Finance

C705S026640, C705S027200, C705S035000, C705S03600T, C705S038000, C705S080000

Reexamination Certificate

active

09692455

ABSTRACT:
An automated bid decision system allowing a bidder to make a bidding for plural commodity items over a plurality of markets is disclosed. A data memory stores a logical formula representing a relationship among a plurality of bid items, a value table of the bid items, price information of the bid items in at least one market, a total purchasing fund, and a bidding strategy. A profit computation section computes a profit obtainable when at least one bid item arbitrary selected from the bid items is purchased, based on the value and the price information. A strategy computation section determines a list of bid items for which a bid should be made and a gross profit obtainable therefrom. A combination candidate is selected from the bid items based on the relationship formula and a possible profit obtainable from the selected combination candidate is computed. The final list of bid items are determined so as to maximize the possible profit within the total purchasing fund.

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