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Automated negotiation

  • US 20040172371A1
  • Filed: 02/28/2003
  • Published: 09/02/2004
  • Est. Priority Date: 02/28/2003
  • Status: Abandoned Application
First Claim
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1. A method for performing automated negotiations comprising:

  • determining a value function for evaluating terms for a potential transaction;

    generating a plurality of proposals, each of the generated proposals specifying terms for the potential transaction, with each of the terms having an associated status;

    communicating the generated proposals to a remote negotiation party;

    receiving a plurality of proposals from the remote negotiation party, each of the received proposals specifying terms for the potential transaction, with each of the terms in the received proposals having an associated status;

    identifying one or more acceptable ones of the received proposals;

    evaluating each of the acceptable proposals using the value function to determine relative values for each of the acceptable proposals;

    selecting one of the identified acceptable proposals based on the relative values;

    accepting the selected proposal by modifying the associated status for at least one of the terms in the selected proposal; and

    communicating the accepted proposal to the remote negotiation party.

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