ASYNCHRONOUS TENDERING FOR VARIABLE CHARACTERISTIC ASSETS

• US 20160232610A1
• Filed: 06/23/2015
• Published: 08/11/2016
• Est. Priority Date: 02/10/2015
• Status: Active Grant

• Current Assignee: The Nordam Group LLC (General Dynamics Corporation)
• Original Assignee: Nordam Group Incorporated
• Inventors: Whitten, William David
• Granted Patent: US 11,410,232 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 10/04 Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem" market predictions or forecasting for commercial activities G06Q30/0202
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

Utilities that allow for the asynchronous tendering for variable characteristic assets. In one aspect, a utility for returning a strike price based on the iterative comparison of a received first listing object with a received first offer object, both corresponding to a first variable characteristic asset. At least one of the first listing object and the first offer object may include a time-dependent price such that the iterative comparison may facilitate the determination of a time-dependent price range corresponding to the variable characteristic asset at a given time. In this regard, the strike price may be returned at least partially based on the time-dependent price range. Additionally, the present disclosure includes embodiments related to the verification of a condition-dependent status of the first variable characteristic asset and a generation of comparison metrics associated with the asynchronous tendering.

Claims

1. A method for use in asynchronous tendering for variable characteristic assets within a distributed network, the method comprising:

receiving, at a processor of a network server, a first listing object that includes a first listing profile, said first listing profile including a listing price corresponding to a first variable characteristic asset;

receiving, at said processor of said network server, a first offer object that includes a first offer profile, said first offer profile including an offer price corresponding to said first variable characteristic asset, at least one of said listing price and said offer price comprising a time-dependent price;

iteratively comparing, by said processor of said network server, said received first listing object with said received first offer object to determine a time-dependent price range corresponding to said first variable characteristic asset at each of a series of comparison times, said time-dependent price range bounded by said listing price and by said offer price each at said comparison times;

operating said processor of said network server, at each said comparison time, to make a determination as to whether said time-dependent price range has reached a threshold; and

returning a strike price when said time-dependent price range reaches said predetermined threshold.

2. The method of claim 1, wherein said strike price is returned when said offer price equals or exceeds said listing price.

3. The method of claim 1, wherein said first listing profile is indicative of a condition-dependent status corresponding to said first variable characteristic asset, said condition-dependent status indicative of a physical condition of said first variable characteristic asset.

4. The method of claim 3, further comprising:

verifying, by said processor of said network server, said condition-dependent status of said first variable characteristic asset by identifying associations between said first listing object and at least one of a plurality of variable characteristic asset records, each of said at least one of said plurality of variable characteristic asset records corresponding to a variable characteristic asset and including certification data for said variable characteristic asset; and

determining a condition-dependent verification score at least partially based on said associations.

5. The method of claim 4, wherein said certification data is indicative of a physical condition of said variable characteristic asset of said variable characteristic asset record, said physical condition of said variable characteristic asset of said variable characteristic asset record at least partially based on an inspection, and wherein said condition-dependent verification score is at least partially based on a comparison of said physical condition of said first variable characteristic asset with said physical condition of said variable characteristic asset of said variable characteristic asset record.

9. The method of claim 4, wherein said strike price is at least partially based on said condition-dependent verification score.

10. The method of claim 1, wherein said first listing object is associated with a seller profile, said seller profile including historical transactional data corresponding to at least one completed transaction, and wherein said returning comprises:

returning a generated comparison metric at least partially based on said at least one completed transaction.

11. The method of claim 10, wherein said at least one completed transaction includes a completed strike price, and wherein said comparison metric includes an average strike price corresponding to said completed strike price for said at least one completed transaction.

12. The method of claim 10, wherein said at least one completed transaction includes at least of an one historical listing price and a historical offer price, and wherein said comparison metric includes a transaction completion metric.

15. The method of claim 1, wherein said iteratively comparing is associated with an iteration rate.

16. The method of claim 15, wherein said iteration frequency is at least partially based on at least one of a regular periodic interval, a variable characteristic asset-specific interval, a decreasing interval, an increasing interval, and a variable interval.

17. The method of claim 16, wherein at least one of said listing price and said offer price changes from a first value to a second value in corresponding relation to said iteration frequency.

18. The method of claim 17, wherein said strike price is free from information associated with said change from said first value to said second value.

19. The method of claim 1, wherein said strike price corresponds to a median value of said time-dependent price range.

23. The method of claim 1, wherein said first variable characteristic asset comprises a used component for use in an aircraft.

24. The method of claim 1, wherein said listing price comprises a time-dependent listing price, and wherein said offer price comprises a time-dependent offer price.

25. The method of claim 1, further comprising:

receiving, at said processor of said network server, a second listing object that includes a second listing profile indicative of a listing price corresponding to said first variable characteristic asset, said listing price of said second listing profile is at least one of;

(1) greater than said listing price of said first listing profile, and

(2) received after said listing price of said first listing profile.

26. The method of claim 1, further comprising:

receiving, at said processor of said network server, a second offer object that includes a second offer profile indicative of an offer price corresponding to said first variable characteristic asset, said offer price of said second offer profile is at least one of;

(1) less than said offer price of said first offer profile, and

(2) received after said offer price of said first offer profile.

6-8. -8. (canceled)

13-14. -14. (canceled)

20-22. -22. (canceled)

27-78. -78. (canceled)

79. A computer executed system on a computing device for asynchronous tendering for variable characteristic assets within a distributed network, comprising:

a processor of said computer executed system operative to receive a first listing object that includes a first listing profile and a first offer object that includes a first offer profile, wherein said first listing profile includes a listing price corresponding to a first variable characteristic asset, and wherein said first offer profile is indicative of an offer price corresponding to said first variable characteristic asset, at least one of said listing price and said offer price comprising a time-dependent price;

an iterative comparator engine, executable by said processor of said computer executed system, configured to iteratively compare said received first listing object with said received first offer object to determine a time-dependent price range for said first variable characteristic asset at each of a series of comparison times, said time-dependent price range bounded by said listing price and by said offer price at each said given comparison times, said comparator engine operative to make a comparison at each said comparison time of said time-dependent price range to a predetermined threshold; and

a portal, executable by said processor of said computer executed system, operative to transmit a strike price when said time-dependent price range reaches said predetermined threshold.

80. The computer executed system of claim 79, wherein said strike price is returned when said offer price equals or exceeds said listing price.

81. The computer executed system of claim 79, wherein said first listing profile is indicative of a condition-dependent status corresponding to said first variable characteristic asset, said condition-dependent status indicative of a physical condition of said first variable characteristic asset.

82. The computer executed system of claim 81, further comprising:

a verification engine, executable by said processor of said computer executed system, configured to;

verify said condition-dependent status of said first variable characteristic asset by identifying associations between said first listing object and at least one of a plurality of variable characteristic asset records, each of said at least one of said plurality of variable characteristic asset records corresponding to a variable characteristic asset and including certification data for said variable characteristic asset; and

determining a condition-dependent verification score at least partially based on said associations.

83. The computer executed system of claim 82, wherein said certification data is indicative of a physical condition of said variable characteristic asset of said variable characteristic asset record, said physical condition of said variable characteristic asset record at least partially based on an inspection, and wherein said condition-dependent verification score is at least partially based on a comparison of said physical condition of said first variable characteristic asset with said physical condition of said variable characteristic asset of said variable characteristic asset record.

87. The computer executed system of claim 82, wherein said strike price is at least partially based on said condition-dependent verification score.

88. The computer executed system of claim 79, wherein said first listing object is associated with a seller profile, said seller profile including transactional data corresponding to at least one completed transaction, and wherein said portal is further operable to:

transmit a generated comparison metric at least partially based on said at least one completed transaction.

89. The computer executed system of claim 88, wherein said at least one completed transaction includes a completed strike price, and wherein said comparison metric includes an average strike price corresponding to said completed strike price for said at least one completed transaction.

90. The computer executed system of claim 88, wherein said at least one completed transaction includes at least one historical listing price and at least one historical offer price, and wherein said comparison metric includes a transaction completion metric.

93. The computer executed system of claim 79, wherein said iterative comparison of said iterative comparison engine is modulated by an iteration frequency.

94. The computer executed system of claim 93, wherein said iteration frequency is at least partially based on at least one of a regular periodic interval, a variable interval, a variable characteristic asset-specific interval, a decreasing interval, an increasing interval, and a variable interval.

95. The computer executed system of claim 94, wherein at least one of said listing price and said offer price changes from a first value to a second value in corresponding relation to said iteration frequency.

96. The computer executed system of claim 95, wherein said strike price is free from information associated with said change from said first value to said second value.

97. The computer executed system of claim 79, wherein said strike price corresponds to a median value of said time-dependent price range.

101. The computer executed system of claim 79, wherein said first variable characteristic asset comprises a used component for use in an aircraft.

102. The computer executed system of claim 79, wherein said listing price comprises a time-dependent listing price, and wherein said offer price comprises a time-dependent offer price.

103. The computer executed system of claim 79, wherein said client is operable to receive a second listing object that includes a second listing profile indicative of a listing price corresponding to said first variable characteristic asset, said listing price of said second listing profile is at least one of:

(1) greater than said listing price of said first listing profile, and

(2) received after said listing price of said first listing profile.

104. The computer executed system of claim 79, wherein said client is operable to receive a second offer object that includes a second offer profile indicative of an offer price corresponding to said first variable characteristic asset, said offer price of said second offer profile is at least one of:

(1) less than said offer price of said first offer profile, and

(2) received after said offer price of said first offer profile.

84-86. -86. (canceled)

91-92. -92. (canceled)

98-100. -100. (canceled)

105-156. -156. (canceled)

157. A method for use in asynchronous tendering for variable characteristic assets within a distributed network, the method comprising

receiving, at a processor of a network server, a first listing object that includes a first listing profile corresponding to a first variable characteristic asset, said first listing profile associated with a listing price and a condition-dependent status for said first variable characteristic asset;

receiving, at said processor of said network server, a first offer object that includes a first offer profile corresponding to said first variable characteristic asset, said first offer profile associated with an offer price for said first variable characteristic asset;

verifying, by said processor of said network server, said condition-dependent status of said first variable characteristic asset to determine a condition-dependent verification score at least partially based on identified associations between said first listing object and at least one of a plurality of variable characteristic asset records;

comparing, by said processor of said network server, said received first listing object with said received first offer object to determine a price range corresponding to said first variable characteristic asset, said price range bounded by said listing price and by said offer price and at least partially based on said condition-dependent verification score; and

selectively returning a strike price at least partially based on said price range.

158. (canceled)