System and Method for Adaptive Bidding for Display Advertising
First Claim
1. A method for adaptive bidding for display advertising in an online advertising campaign comprising:
- storing advertising campaign objectives, including at least one of, a campaign period, a target number of impressions to be served during the campaign, a target budget to be spent during the campaign;
performing exploration bidding of ad offers for advertisement ad calls for determining a minimum required bid for winning an advertisement ad call auction and a maximum required bid for achieving at least one campaign objective;
calculating a likelihood of achieving at least one campaign objective; and
performing exploitation bidding for optimizing campaign results based on bidding a bid amount between the minimum required bid and the maximum required bid.
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Abstract
A system for performing adaptive bidding to secure Internet advertising impressions in an auction. Included are systems for analyzing advertising campaign objectives, including a campaign period, a target number of impressions, a target budget. An exemplary technique defines a bidding agent for performing the adaptive bidding seeking the minimum target spending of the budget. Objective results of the campaign such as average cost per won impression, total campaign duration relative to desired campaign period, and total expenditure relative to campaign budget can be optimized based on an empirically determined forecast. Techniques for adapting bids include statistically modeling winning bids during an exploration bidding phase, performing iterations for adjustment of the bid amounts using learn-while-bid adaptive bidding, learn-then-bid adaptive bidding, and guess-double-adjust adaptive bidding. Bidding tactics, especially those used to identify a minimum target bid and a maximum target bid used in bidding on an exchange are employed, and the results analyzed using statistical models.
63 Citations
20 Claims
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1. A method for adaptive bidding for display advertising in an online advertising campaign comprising:
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storing advertising campaign objectives, including at least one of, a campaign period, a target number of impressions to be served during the campaign, a target budget to be spent during the campaign; performing exploration bidding of ad offers for advertisement ad calls for determining a minimum required bid for winning an advertisement ad call auction and a maximum required bid for achieving at least one campaign objective; calculating a likelihood of achieving at least one campaign objective; and performing exploitation bidding for optimizing campaign results based on bidding a bid amount between the minimum required bid and the maximum required bid. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19)
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20. An apparatus for implementing a method for adaptive bidding for display advertising in an online advertising campaign comprising:
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a module for storing advertising campaign objectives, including at least one of, a campaign period, a target number of impressions to be served during the campaign, a target budget to be spent during the campaign; a module for performing exploration bidding of ad offers for advertisement ad calls for determining a minimum required bid for winning an advertisement ad call auction and a maximum required bid for achieving at least one campaign objective; a module for calculating a likelihood of achieving at least one campaign objective; and a module for performing exploitation bidding for optimizing campaign results based on bidding a bid amount between the minimum required bid and the maximum required bid.
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Specification