Invention Application
- Patent Title: Determination of a bid value associated with a selected bidder
- Patent Title (中): 确定与所选出价者相关联的出价值
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Application No.: US10672953Application Date: 2003-09-26
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Publication No.: US20050080708A1Publication Date: 2005-04-14
- Inventor: Bin Zhang , Kemal Guler
- Applicant: Bin Zhang , Kemal Guler
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06F17/60
Abstract:
A method and associated system comprise obtaining historical auction data, determining, from the historical auction data, a first parameter that is a function of a joint bid distribution and a density function related to the joint bid distribution, selecting a bidder, obtaining a value distribution for the selected bidder, and solving an equation. The equation may include the first parameter and the selected bidder's value distribution, and not the value distribution of other bidders. The equation computes a bid value associated with the selected bidder for a given bid.
Public/Granted literature
- US08548882B2 Determination of a bid value associated with a selected bidder Public/Granted day:2013-10-01
Information query
