Method for transacting for a perishable object having an uncertain availability

• US 7,249,062 B2
• Filed: 01/08/2004
• Issued: 07/24/2007
• Est. Priority Date: 09/25/2003
• Status: Active Grant

• Current Assignee: Nor1, Inc. (Oracle Corporation)
• Original Assignee: Nor1, Inc. (Oracle Corporation)
• Inventors: Norins, Arthur L., Norins, Arthur L. Jr.
• Primary Examiner(s): Smith; Jeffrey A.
• Assistant Examiner(s): Airapetian; Mila
• Application Number:
  US10/753,743
• Publication Number:
  US 20050071245A1
• Time in Patent Office: 1,293 Days
• Field of Search: 705/26, 705/27
• US Class Current: 705/14.35
• CPC Class Codes: G06Q 10/02 Reservations, e.g. for tickets, services or events
• CPC Class Codes: G06Q 30/0235 constrained by time limit or expiration date
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

The present invention enables the purchase of perishable objects by ascertaining and attaching a value to the certainty that the perishable object will be available and adjusting the value of the product or service for purchasers willing to pay the discounted value on the condition that the perishable object may not be available at the time of expiration. Rather than paying the certainty value, the prospective purchaser is given the opportunity to enroll in a pool for the perishable object. At a certain time the perishable is released to the pool of purchasers, who are then selected to purchase the item.

Claims

1. A computer implemented method for offering a perishable object for sale, comprising:

(a) making an offer from a seller to a buyer for an opportunity to engage in a transaction for a purchase of the perishable object at a single displayed non-zero monetary discounted price, wherein the single displayed non-zero monetary discounted price being the only non-zero monetary discounted price displayed for the purchase of the perishable object, wherein the single displayed non-zero monetary discounted price is set by the seller, and wherein a time that the offer at the non-zero monetary discounted single displayed price is made to the buyer is before a time when the transaction at the non-zero monetary discounted single displayed price would be carried out;

(b) accepting by the buyer, at a time after the making of the offer to the buyer, the offer of the opportunity to engage in the transaction of the single displayed non-zero monetary discounted price, wherein the acceptance of the offer by the buyer obligates the buyer to purchase the perishable object but does not obligate the seller of the perishable object to sell the perishable object to the buyer such that the commitment of the buyer to purchase the perishable object is made before it is known whether the seller will make the perishable object available for sale; and

(c) transacting or not transacting, at the option of the seller and at a time after acceptance by the buyer of the offer, a purchase of the perishable object by the buyer at the non-zero monetary discounted single price set by the seller;

(d) wherein the perishable object is an object which loses essentially all of its value at a time of expiration of the perishable object.

2. The method of claim 1, wherein the perishable object is a service.

3. The method of claim 2, wherein the service is selected from the group consisting of:

(a) a transportation service; and

(b) a lodging service.

4. The method of claim 3, wherein the transportation service is selected from the group consisting of:

(a) an airline service;

(b) a bus service;

(c) a rail service; and

(d) a ship service.

5. The method of claim 3, wherein the lodging service is for a hotel room.

6. The method of claim 1, wherein at least one document associated with the purchase is generated.

7. The method of claim 1, wherein the perishable object is a product.

8. The method of claim 1, wherein the time when the transaction at the non-zero monetary discounted price would be carried out is a specific time set by the seller and known by the buyer when the offer is made.