Overconstraint detection, rule relaxation and demand reduction in a combinatorial exchange
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United States of America Patent
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May 29, 2012
Grant Date -
Nov 12, 2009
app pub date -
Jul 23, 2009
filing date -
Sep 25, 2002
priority date (Note) -
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Abstract
In a combinatorial exchange, a set of rules can be input for processing of bids received in connection with the exchange. At least one bid can be received from each of a plurality of exchange participants and a desired exchange objective can be defined. A determination can be made as a function of a subset of the rules 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, the step of determining an allocation is repeated utilizing a different subset of rules each time until the desired exchange objective is satisfied. It can be determined if the exchange is overconstrained and, if so, rules can be relaxed. Also or alternatively, the demand for a quantity of an item can be increased or decreased based on the average cost of the item.
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