Importance

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Abstract

A system and method for implementing End-Of-Round (EOR) calculations in computer implemented multiple round auctions. The EOR process allows for the adjustment of price, quantity, and other parameters, and also adjusts bids as necessary in accordance with the auction rules, parameter values, and constraints. Feasible starting points for the EOR process can be determined based on the post-EOR adjusted bids following the previous round, or based on bids submitted in the round just ended. Bid deviations based on switching and/or reductions in eligibility can be analyzed. Bid requests can be evaluated and granted based on auction rules, parameter values, and/or constraints. Bids can be rolled-back to realize a feasible solution. The EOR process can iteratively loop through the collection of bid deviations until all the bid deviations have been considered, or until an established time limit is reached.

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First Claim