Method and system for partial quantity evaluated rank bidding in online auctions
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United States of America Patent
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Mar 22, 2005
Grant Date -
N/A
app pub date -
Jan 24, 2000
filing date -
Jan 24, 2000
priority date (Note) -
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status (Latency Note)
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Abstract
A method and system for conducting electronic online auctions having partial quantity evaluated rank bidding is disclosed. Submitted bids are ordered on a basis of a comparative bid parameter used by an originator of an auction. The quantity required by the originator of the auction is then allocated to the offered quantities of the submitted bids based upon a ranked ordering of the bids.
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