Allocation based method for targeting negotiation opportunities
First Claim
1. A method of determining a winning allocation in an exchange comprising:
- (a) specifying for an exchange at least one item;
(b) receiving a bid from each of a plurality of bidders, with at least one bid placed on a quantity of the one item;
(c) determining a first allocation that includes an award of the quantity of the one item to a first bid;
(d) specifying an allocation modifier;
(e) determining as a function of the allocation modifier a second allocation that includes an award of the quantity of the one item to a second bid; and
(f) designating the first or second allocation as the winning allocation as a function of the award of the quantity of the one item in the second bid.
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Accused Products
Abstract
A method of exchange winner determination includes determining an exchange specification having at least one item. A bid is received from each of a number of bidders, with at least one bid placed on a quantity of the one item. The bids are processed to determine a first allocation that includes an award of the quantity of the one item to a first bid. An allocation modifier is specified. The bids are processed as a function of the allocation modifier to determine a second allocation that includes an award of the quantity of the one item to a second bid. The first or second allocation is designated as the winning allocation as a function of the award of the quantity of the one item in the second bid.
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Citations
24 Claims
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1. A method of determining a winning allocation in an exchange comprising:
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(a) specifying for an exchange at least one item;
(b) receiving a bid from each of a plurality of bidders, with at least one bid placed on a quantity of the one item;
(c) determining a first allocation that includes an award of the quantity of the one item to a first bid;
(d) specifying an allocation modifier;
(e) determining as a function of the allocation modifier a second allocation that includes an award of the quantity of the one item to a second bid; and
(f) designating the first or second allocation as the winning allocation as a function of the award of the quantity of the one item in the second bid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A computer readable medium having stored thereon instructions which, when executed by a processor, cause the processor to perform the steps of:
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(a) receive an exchange specification that includes at least one item;
(b) receive at least one bid from each of a plurality of bidders, with each bid placed on a quantity of at least one item, each bid further including at least one of (1) a per item price associated with each item of the bid, (2) a price for the associated quantity of each item of the bid and (3) an aggregate price for all of the items of the bid;
(c) determine from the bids received in step (b) a first allocation of the items and their associated quantities;
(d) receive an allocation modifier that imposes a condition on the allocation determination;
(e) determine from the bids received in step (b) as a function of the allocation modifier a second allocation of the items and their associated quantities; and
(f) designate the first or second allocation as a winning allocation as a function of at least one difference between the first and second allocations. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20)
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21. An exchange winner determination method comprising:
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(a) determining an exchange specification that includes a plurality of items;
(b) receiving at least one bid from each of a plurality of bidders, with each bid including a quantity of at least one item and a price associated with one of (1) each item of the bid, (2) the associated quantity of each item of the bid and (3) all the items of the bid;
(c) determining from the received bids a first allocation of at least some of the items and their associated quantities;
(d) inputting an allocation modifier that imposes a condition on the allocation determination;
(e) determining from the received bids as a function of the allocation modifier a second allocation of at least some of the items and their associated quantities;
(f) designating the first or second allocation as a winning allocation as a function of at least one difference therebetween. - View Dependent Claims (22, 23, 24)
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Specification