System for interative, multivariate negotiations over a network

Details System for interative, multivariate negotiations over a network System for interative, multivariate negotiations over a network

1998-11-16

2000-10-31

Stamber, Eric W.

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

Electronic negotiation

705 1, 705 26, G06F 1760

Patent

active

061416533

ABSTRACT:
A multivariate negotiations engine for iterative bargaining which: enables a sponsor to create and administer a community between participants such as buyers and sellers having similar interests; allows a buyer/participant to search and evaluate seller information, propose and negotiate orders and counteroffers that include all desired terms, request sample quantities, and track activity; allows a seller/participant to use remote authoring templates to create a complete Website for immediate integration and activation in the community, to evaluate proposed buyer orders and counteroffers, and to negotiate multiple variables such as prices, terms, conditions etc., iteratively with a buyer. The system provides secure databases, search engines, and other tools for use by the sponsor, which enable the sponsor to define the terms of community participation, establish standards, help promote the visibility of participating companies, monitor activity, collect fees, and promote successes. All this is done through a multivariate negotiations engine system operated at the system provider's Internet site, thus requiring no additional software at the sponsors', or participant sellers', or buyer's sites. This also allows buyers and sellers to use and negotiate payment options and methods that are accepted internationally. The system maintains internal databases that contain the history of all transactions in each community, so that sponsors, buyers and sellers may retrieve appropriate records to document each stage of interaction and negotiation. Documents are created by the system during the negotiation process.

REFERENCES:
patent: 4799156 (1989-01-01), Shavit et al.
patent: 5253165 (1993-10-01), Leiseca et al.
patent: 5305200 (1994-04-01), Hartheimer et al.
patent: 5495412 (1996-02-01), Thiessen
patent: 5557518 (1996-09-01), Rosen
patent: 5629982 (1997-05-01), Micali
patent: 5666420 (1997-09-01), Micali
patent: 5671279 (1997-09-01), Elgamal
patent: 5677955 (1997-10-01), Doggett et al.
patent: 5715314 (1998-02-01), Payne et al.
patent: 5732400 (1998-03-01), Mandler et al.
patent: 5757917 (1998-05-01), Rose et al.
patent: 5787402 (1998-07-01), Potter et al.
patent: 5790677 (1998-08-01), Fox et al.
patent: 5794207 (1998-08-01), Walker et al.
patent: 5802497 (1998-09-01), Manasse
patent: 5809144 (1998-09-01), Sirbu et al.
patent: 5826244 (1998-10-01), Huberman
patent: 5873071 (1999-02-01), Ferstenberg et al.
patent: 5897621 (1999-04-01), Boesch et al.
patent: 5905975 (1999-05-01), Ausubel
patent: 5918218 (1999-06-01), Harris et al.
patent: 5924082 (1999-07-01), Silverman et al.
patent: 5963923 (1999-10-01), Garber
patent: 6014643 (2000-01-01), Minton
"TRADE'ex Unveils MarketMaker Software for Creating Online Marketplace," Business Wire, p. 04280202, Apr. 1998.
"Corporate EFT Report," Technology Center, vol. 18, No. 2, p. N/A, Feb. 1998.
"TradeAccess Sponsors First U.S. Trade Mission Web Site For Department of Commerce," PR Newswire, Dec. 1997.
Jones, Chris, "Trade'ex Readies Java-based MarketMaker," InfoWorld, vol. 18, No. 44, p. 6, Oct. 1996.
TDS Marketing Group, "TRADE'ex Connects the UK," M2 Presswire, p. N/A, Oct. 1996.
Schmerken, Ivy, "NASDAQ Revamps to Keep Up," Wall Street Computer Review, vol. 8, No. 10, p. 35(6), Jul. 1991.

Affiliated with

Also associated with

Rating

System for interative, multivariate negotiations over a network does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System for interative, multivariate negotiations over a network, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System for interative, multivariate negotiations over a network will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2064700