Invention Grant
- Patent Title: Method and structure for bid winning probability estimation and pricing model
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Application No.: US10120407Application Date: 2002-04-12
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Publication No.: US07139733B2Publication Date: 2006-11-21
- Inventor: Heng Cao , Roger R. Gung , Yunhee Jang , Richard D. Lawrence , Grace Lin , Yingdong Lu
- Applicant: Heng Cao , Roger R. Gung , Yunhee Jang , Richard D. Lawrence , Grace Lin , Yingdong Lu
- Applicant Address: US NY Armonk
- Assignee: International Business Machines Corporation
- Current Assignee: International Business Machines Corporation
- Current Assignee Address: US NY Armonk
- Agency: McGinn IP Law Group, PLLC
- Agent Stephen C. Kaufman, Esq.
- Main IPC: G06Q40/00
- IPC: G06Q40/00
Abstract:
A method (and structure) for developing a distribution function for the probability of winning a bid by a seller for a product or service, using the seller's own historical data for winning bids and lost bids, includes normalizing the data for winning bids and the data for lost bids and merging the normalized data into a single set of data.
Public/Granted literature
- US20030195832A1 Method and structure for bid winning probability estimation and pricing model Public/Granted day:2003-10-16
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