Random drawing auction system and method based on entrance fee profit model
First Claim
1. A random drawing auction system based on an entrance fee profit model, comprising:
- a database unit storing auction condition information comprising an open market selling price, auction quantity, auction duration, an initial entrance fee and an entrance fee type of an item auctioned through Internet, bid history information of a buyer wishing to purchase the item through the Internet, and bid details information of the item;
an item registration unit allowing a seller to register auction condition information of an item or directly register the auction condition information and posting the item and the auction condition information to a web site when an auction start time of the registered item is encountered;
a bid qualification determiner determining whether a buyer is qualified for bidding for an item based on the buyer'"'"'s bid history information in response to the buyer'"'"'s request for permission to bid for the item;
a bid execution unit requesting the buyer to pay an initial entrance fee of an item when a buyer is determined as being qualified for bidding for the item, collecting an initial entrance fee of the item from the buyer, requesting the buyer to set a tender price for the item, and inputting the tender price;
a bid terminator determining whether to terminate a bid for an item based on at least one among auction duration of the item, for which the bid is being executed by the bid execution unit, and an accumulated entrance fee resulting from the bid of each of buyers for the item;
a successful bidder selector calculating a reference contract price using a minimum contract price and a maximum contract price of an item and a random number induced by a random probability function after a bid for the item is terminated, comparing the reference contract price with a tender price set by each of buyers, and selecting as a successful bidder a buyer that has set a tender price closest to the reference contract price or close in a predetermined sequence to the reference contract price; and
a delivery/payment processor collecting a tender price set by a buyer selected as a successful bidder, performing a process to deliver an item to the successful bidder, and giving a sales payment to a seller of the item.
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Accused Products
Abstract
A random drawing auction system and method based on an entrance fee profit model are provided. In the random drawing auction system and method, information of an item to be auctioned is registered directly or through a seller. An entrance fee of the item is collected from each buyer wishing to bid for the item. A bidder offering a tender price closest to a reference contract price calculated using a random probability function is selected as a successful bidder after a bid for the item is terminated. The tender price offered by the successful bidder is collected from the successful bidder. The item is delivered to the successful bidder, and the collected tender price and an amount of money which is less than an open market selling price of the item in an accumulated entrance fee of the item is given to the seller as a sales payment for the item.
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Citations
17 Claims
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1. A random drawing auction system based on an entrance fee profit model, comprising:
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a database unit storing auction condition information comprising an open market selling price, auction quantity, auction duration, an initial entrance fee and an entrance fee type of an item auctioned through Internet, bid history information of a buyer wishing to purchase the item through the Internet, and bid details information of the item;
an item registration unit allowing a seller to register auction condition information of an item or directly register the auction condition information and posting the item and the auction condition information to a web site when an auction start time of the registered item is encountered;
a bid qualification determiner determining whether a buyer is qualified for bidding for an item based on the buyer'"'"'s bid history information in response to the buyer'"'"'s request for permission to bid for the item;
a bid execution unit requesting the buyer to pay an initial entrance fee of an item when a buyer is determined as being qualified for bidding for the item, collecting an initial entrance fee of the item from the buyer, requesting the buyer to set a tender price for the item, and inputting the tender price;
a bid terminator determining whether to terminate a bid for an item based on at least one among auction duration of the item, for which the bid is being executed by the bid execution unit, and an accumulated entrance fee resulting from the bid of each of buyers for the item;
a successful bidder selector calculating a reference contract price using a minimum contract price and a maximum contract price of an item and a random number induced by a random probability function after a bid for the item is terminated, comparing the reference contract price with a tender price set by each of buyers, and selecting as a successful bidder a buyer that has set a tender price closest to the reference contract price or close in a predetermined sequence to the reference contract price; and
a delivery/payment processor collecting a tender price set by a buyer selected as a successful bidder, performing a process to deliver an item to the successful bidder, and giving a sales payment to a seller of the item. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 16)
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10. A random drawing auction method based on an entrance fee profit model, comprising the operations of:
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(a) receiving auction condition information comprising an open market selling price, auction quantity, auction duration, an initial entrance fee and an entrance fee type of an item from a seller wishing to sell the item through Internet, registering the auction condition information in a database, and posting the item and the auction condition information when an auction start time of the item is encountered;
(b) determining whether a buyer accessing through the Internet is qualified for bidding based on bid history information of the buyer in response to the buyer'"'"'s request for permission to bid for the item, collecting an entrance fee of the item from the buyer when it is determined that the buyer is qualified, and requesting the buyer to set and input a tender price of the item;
(c) determining whether to terminate the bid for the item based on at least one among the auction duration of the item and an accumulated entrance fee resulting from the bid of each of buyers for the item;
(d) calculating a reference contract price using a minimum contract price and a maximum contract price of the item and a random number induced by a random probability function after the bid for the item is terminated, comparing the reference contract price with a tender price set by each of the buyers, and selecting as a successful bidder a buyer that has set a tender price closest to the reference contract price or close in a predetermined sequence to the reference contract price; and
(e) collecting the tender price set by the buyer selected as the successful bidder, performing a process to deliver the item to the successful bidder, and giving a sales payment to the seller of the item. - View Dependent Claims (11, 12, 13, 14, 15, 17)
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Specification