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AUCTION MANAGEMENT

  • US 20030004850A1
  • Filed: 09/18/2000
  • Published: 01/02/2003
  • Est. Priority Date: 09/18/2000
  • Status: Abandoned Application
First Claim
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1. A computer-implemented method for determining an optimal award schedule for at least partial satisfaction of a requisition, said method comprising:

  • receiving from a buyer, over a computer network, public buyer-constraints representative of said requisition;

    transmitting to a set of prospective suppliers, over said computer network, said public buyer-constraints;

    receiving from each candidate supplier from a set of candidate suppliers, over said computer network, a bid responsive to said public buyer-constraints, said set of candidate suppliers originating from said set of prospective suppliers; and

    determining an optimal award schedule for at least partial satisfaction of said requisition, said optimal award schedule including a list of selected suppliers selected from said set of candidate suppliers and information indicative of the manner in which each of said selected suppliers is to at least partially satisfy said requisition.

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