DYNAMIC QUALITY CONTROL CONDITIONAL PURCHASE OFFER (CPO) MANAGEMENT SYSTEM
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United States of America Patent
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N/A
Issued Date -
Nov 28, 2002
app pub date -
Dec 4, 1998
filing date -
Sep 4, 1996
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A dynamic quality control conditional purchase offer (CPO) management system is disclosed for processing CPOs received from one or more buyers for a product. The dynamic quality control CPO management system processes each received CPO to determine whether one or more sellers are willing to accept a given CPO. The dynamic quality control CPO management system initially evaluates received CPOs to identify CPOs which are not statistically likely to be accepted by sellers. If a received CPO is statistically likely to be accepted, the dynamic quality control CPO management system can submit the CPO for further consideration by sellers to determine if any seller actually accepts the CPO, or provisionally accept the CPO. If a received CPO is statistically likely to be rejected, the dynamic quality control CPO management system can (i) instantly reject the CPO, (ii) encourage the buyer to modify the CPO, so that the modified CPO is more likely to be accepted by a seller, or (iii) subsidize the CPO in order to make it more likely to be accepted. A historical conditional purchase offer database is used to track and store information on CPOs that have been previously processed by the dynamic quality control CPO management system.
First Claim
Family
- 15 United States
- 10 France
- 8 Japan
- 7 China
- 5 Korea
- 2 Other
Patent Owner(s)
Patent Owner | Address | |
---|---|---|
PRICELINE COM INCORPORATED | FIVE HIGH RIDGE PARK STAMFORD CT 06905 |
International Classification(s)
Inventor(s)
Inventor Name | Address | # of filed Patents | Total Citations |
---|---|---|---|
CASE, T SCOTT | DARIEN, CT | 34 | 4082 |
JORASCH, JAMES A | STAMFORD, CT | 1157 | 96363 |
TEDESCO, DANIEL E | NEW CANAAN, CT | 537 | 29348 |
WALKER, JAY S | RIDGEFIELD, CT | 1530 | 120237 |
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Maintenance Fees
Fee | Large entity fee | small entity fee | micro entity fee | due date |
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Fee | Large entity fee | small entity fee | micro entity fee |
---|---|---|---|
Surcharge after expiration - Late payment is unavoidable | $700.00 | $350.00 | $175.00 |
Surcharge after expiration - Late payment is unintentional | $1,640.00 | $820.00 | $410.00 |
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