Method and system for implementing attribute-based bidding...

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

Reexamination Certificate

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C705S037000

Reexamination Certificate

active

10185167

ABSTRACT:
An auction method for implementing attribute-based bidding and bid comparison in an electronic exchange. A specification defining an auction for an item is received, wherein the specification comprises a plurality of attributes of the item. An attribute defines the functionality of an aspect of the item with respect to the current auction. At least one attribute comprises a value and a score associated with the value and a portion of the plurality of attributes comprise a relative weight. The auction is then published to at least one bidder. A bid is received from a bidder, wherein the bid comprises a value associated with at least one attribute. A composite score for the bid is calculated based on the bid and the specification. A plurality of bids are then ranked based on the composite score for each bid. An evaluation score is calculated for each bid based on the bid price and composite score. A plurality of bids are then ranked based on the evaluation score for each bid.

REFERENCES:
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patent: 2001/0056396 (2001-12-01), Goino
patent: WO200127840 (2001-04-01), None
patent: WO200127840 (2001-12-01), None
Teich et al., Designing Electronic Auctions: an Internet-Based Hybrid Procedure Combining Aspects of Negotiations and Auctions, Electronic Commerce Research, Jul. 2001, Col. 1, Issue 3, pp. 301-314.
Design of Roles and Protocols for Electronic Negotiations Michael Strobel. Electronic Commerce Research. Boston: Jul. 2001. vol. 1, Iss. 3; p. 335.
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Application of flexible pricing in business-to-business electronic commerce, Bichler et al, IBM Systems Journal, 2002, vol. 41, Iss. 2, p. 287, 15 pages.
Levi, Lili, Reflections on the FCC's recent approach to structural regulation of the electronic mass media, Federal Communications Law Journal v52n3 pp. 581-617, May 2000, downloaded from Dialong Web on Mar. 3, 2008.

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