Multiple Criteria Buying and Selling Model

• US 20120209738A1
• Filed: 02/14/2012
• Published: 08/16/2012
• Est. Priority Date: 05/12/1999
• Status: Abandoned Application

• Current Assignee: Valentine Communications LLC
• Original Assignee: Valentine Communications LLC
• Inventors: Mesaros, Gregory J.
• Application Number:
  US13/396,497
• Publication Number:
  US 20120209738A1
• Time in Patent Office: Days
• US Class Current: 705/26.2
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

A multiple criteria buying and selling system and method is provided. A seller initially establishes a deal structure for a product, which provides seller defined selling criteria information relating to the purchasing of the product, such as volume per unit price, quality, delivery time and warranty information. A buyer will be able to review a list of deals if the seller'"'"'s selling criteria matches a buyer defined buying criteria. The deal structure is preferably set up so as to provide buyers with both price and non-price criteria information that the buyer'"'"'s would consider important in a purchase of the type of product being offered by the seller. The deal structure is electronically made available to potential buyers of the product. For example, the deal structure may be displayed on an Internet site.

Claims

1. An electronic signal adapted to be transmitted between at least two computers, comprising:

an algorithm for matching a buyer with at least one deal offered by at least one seller, the algorithm matching the buyer with the at least one deal based on a plurality of buying criteria defined by the buyer matching a plurality of selling criteria defined by the at least one seller.