Methods, systems, and products for selecting an auction structure
First Claim
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1. A method of selecting a structure for an auction, comprising the steps of:
- prompting a user to input details of the auction; and
suggesting a reverse auction for sourcing goods and services in a telecommunications environment.
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Abstract
Methods, systems, and products are disclosed for selecting a structure for an online auction. One method prompts a user to input details of the auction and suggests a reverse auction for sourcing goods and services in a telecommunications environment. If the market price for the auctioned goods/services is stable, then the method establishes a reserve price less than or equal to a contract price. A rank-only Vickery structure may be suggested in which each bidder is only informed of the ranking of the bidder'"'"'s bid. Each bidder is not informed of a monetary value of the winning bid.
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Citations
16 Claims
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1. A method of selecting a structure for an auction, comprising the steps of:
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prompting a user to input details of the auction; and
suggesting a reverse auction for sourcing goods and services in a telecommunications environment. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A system, comprising:
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an Auction Module stored in a memory device, and a processor communicating with the memory device;
the Auction Module prompting a user to input details of the auction and suggesting a reverse auction for sourcing goods and services in a telecommunications environment.
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16. A computer program product, comprising:
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a computer-readable medium; and
an Auction Module stored on the computer-readable medium, the Auction Module prompting a user to input details of the auction and suggesting a reverse auction for sourcing goods and services in a telecommunications environment.
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Specification