Bid modification based on logical connections between trigger groups in a combinatorial exchange
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United States of America Patent
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May 29, 2012
Grant Date -
Nov 5, 2009
app pub date -
Jul 16, 2009
filing date -
Sep 25, 2002
priority date (Note) -
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Abstract
In a combinatorial exchange, rules can be input for processing bids and a desired exchange objective can be defined. A subset of the rules can be used to determine if an allocation of the bids exists that is optimal for the type of exchange being conducted. If the desired exchange objective is not satisfied, new allocations can be determined using different subsets of rules each time until the desired exchange objective is satisfied. Trigger bid groups and/or rules associated with trigger values can be used to determine whether to apply modification or discounts to bids. Item and bid groups can be partitioned into groups for the purpose of smoothing requirements. Trigger bid groups, rules associated with trigger values, item groups, and bid groups can be used for adjusting or constraining bids based on triggers, logical connectives, and adjustments.
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