Method and system for discovery of trades between parties
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
N/A
Issued Date -
Feb 7, 2002
app pub date -
Dec 6, 2000
filing date -
Dec 6, 1999
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system is described which allows buyers to define their preferences and sellers to define their capabilities, then determines which trading points maximize the utility of the buyer. The system suggests trades by exploiting the flexibilities and tradeoffs encoded by both parties, thus providing win-win trades. A second level of optimization ranks the trades with all suppliers, allowing the buyer to rapidly determine the best alternatives. The system allows for rich negotiation spaces and supports continuous, discrete, and range or interval decision factors.
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