Total value bidding

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United States of America Patent

PATENT NO 7483852
APP PUB NO 20030204465A1
SERIAL NO

10131326

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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A method and system of evaluating values of different payment or delivery terms in online auctions, including obtaining an interest rate and a period from a buyer for a lot, the lot having a predetermined value, receiving a first bid from a first bidder and a second bid from a second bidder on the lot, the first and second bids each having a payment time and a rebate and transforming the first bid into a first value and the second bid into a second value using the interest rate, the period, and the predetermined value from the buyer, and the payment times and rebates from the first and second bidders.

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Patent Owner(s)

  • ARIBA, INC.

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Clevenger, David Pittsburgh, US 3 97
Marhafer, David Pittsburgh , US 2 18
McIlnay, Dan Apollo, US 2 18
Miller, Keith Gibsonia, US 57 1634

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