DYNAMIC QUALITY CONTROL CONDITIONAL PURCHASE OFFER (CPO) MANAGEMENT SYSTEM

Number of patents in Portfolio can not be more than 2000

United States of America Patent

APP PUB NO 20020178069A1
SERIAL NO

09205824

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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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.

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Patent Owner(s)

Patent OwnerAddress
PRICELINE COM INCORPORATEDFIVE HIGH RIDGE PARK STAMFORD CT 06905

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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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