Method of transformational bidding with rebates and discounts
First Claim
1. A computer implemented method of transformational bidding with rebates and discounts in an online auction performed by a computer server, the method comprising:
- receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network;
in response to the first and second bids, the computer server executing one or more computer instructions to assign a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids;
the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement;
the computer server detransforming the third value to a fifth value having the second unit of measurement;
the computer server detransforming the fourth value to a sixth value having the first unit of measurement; and
the computer server transmitting the fifth value to the second bidder and the sixth value to the first bidder, wherein the fifth value represents the first bid from the first bidder in view of measurement units of the second bidder, and wherein the sixth value represents the second bid from the second bidder in view of measurement units of the first bidder, such that the first and second bidders can use the fifth and sixth values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders.
2 Assignments
0 Petitions
Accused Products
Abstract
A machine implemented method for transforming bidding with rebates and discounts in an online auction is described herein. In one embodiment, a method includes receiving a first bid from a first bidder and a second bid from a second bidder over a network, where at least one of a rebate and discount is offered with at least one of the first and second bids and the first and second bidders are seller bidders. In response, the method assigns a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids, and transforms the first and second values to third and fourth values, respectively, having a standard unit of measurement, where the third and fourth values represent the first and second bids of the first and second bidders in view of the standard unit of measurement.
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Citations
21 Claims
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1. A computer implemented method of transformational bidding with rebates and discounts in an online auction performed by a computer server, the method comprising:
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receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network; in response to the first and second bids, the computer server executing one or more computer instructions to assign a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids; the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement; the computer server detransforming the third value to a fifth value having the second unit of measurement; the computer server detransforming the fourth value to a sixth value having the first unit of measurement; and the computer server transmitting the fifth value to the second bidder and the sixth value to the first bidder, wherein the fifth value represents the first bid from the first bidder in view of measurement units of the second bidder, and wherein the sixth value represents the second bid from the second bidder in view of measurement units of the first bidder, such that the first and second bidders can use the fifth and sixth values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16)
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17. A computer implemented method of transformational bidding with rebates and discounts in an online auction performed by a computer server, the method comprising:
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receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network; in response to the first and second bids, the computer server assigning a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids; and the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement; determining a first transformation factor for the first value and determining a second transformation factor for the second value, including identifying a first set of transformation variables for the first value and a second set of transformation variables for the second value, specifying a first transformation function to derive the standard unit of measurement using the first value and the first set of transformation variables and a second transformation function to derive the standard unit of measurement using the second value and the second set of transformation variables, receiving a value for each of the first set of transformation variables and the second set of transformation variables, and calculating the first transformation factor using the received values and the first transformation function and the second transformation factor using the received values and the second transformation function; and converting the first value using the first transformation factor and the second value using the second transformation factor, such that the first and second bidders can use the first and second values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders.
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18. A machine readable medium for storing instructions when executed, cause a computer server to perform a method that transforms bids with rebates and discounts in an online auction, the method comprising:
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receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network; in response to the first and second bids, the computer server assigning a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids; the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement; the computer server detransforming the third value to a fifth value having the second unit of measurement; the computer server detransforming the fourth value to a sixth value having the first unit of measurement; and the computer server transmitting the fifth value to the second bidder and the sixth value to the first bidder, wherein the fifth value represents the first bid from the first bidder in view of measurement units of the second bidder, and wherein the sixth value represents the second bid from the second bidder in view of measurement units of the first bidder, such that the first and second bidders can use the fifth and sixth values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders.
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19. A machine readable medium for storing instructions when executed, cause a computer server to perform a method that transforms bids with rebates and discounts in an online auction, the method comprising:
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receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network; in response to the first and second bids, the computer server assigning a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids; and the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement; determining a first transformation factor for the first value and determining a second transformation factor for the second value, including identifying a first set of transformation variables for the first value and a second set of transformation variables for the second value, specifying a first transformation function to derive the standard unit of measurement using the first value and the first set of transformation variables and a second transformation function to derive the standard unit of measurement using the second value and the second set of transformation variables, receiving a value for each of the first set of transformation variables and the second set of transformation variables, and calculating the first transformation factor using the received values and the first transformation function and the second transformation factor using the received values and the second transformation function; and converting the first value using the first transformation factor and the second value using the second transformation factor, such that the first and second bidders can use the first and second values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders.
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20. A computer server for hosting online auction, comprising:
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a processor; a memory coupled to the processor for storing instructions, when executed from the memory, cause the processor to perform operations, the operations including receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network; in response to the first and second bids, the computer server assigning a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids; the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement; the computer server detransforming the third value to a fifth value having the second unit of measurement; the computer server detransforming the fourth value to a sixth value having the first unit of measurement; and the computer server transmitting the fifth value to the second bidder and the sixth value to the first bidder, wherein the fifth value represents the first bid from the first bidder in view of measurement units of the second bidder, and wherein the sixth value represents the second bid from the second bidder in view of measurement units of the first bidder, such that the first and second bidders can use the fifth and sixth values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders.
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21. A computer server for hosting online auction, comprising:
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a processor; a memory coupled to the processor for storing instructions, when executed from the memory, cause the processor to perform operations, the operations including receiving electronically at the computer server data representing a first bid from a first bidder and a second bid from a second bidder over a network, wherein at least one of a rebate and discount is offered with at least one of the first and second bids, and wherein the first and second bidders are seller bidders remotely located with respect to the computer server over the network; in response to the first and second bids, the computer server assigning a first value and a first unit of measurement for the first bid and a second value and second unit of measurement for the second bid using in part the at least one of a rebate and discount offered with at least one of the first and second bids; and the computer server transforming the first and second values to third and fourth values, respectively, having a standard unit of measurement, the third and fourth values representing the first and second bids of the first and second bidders in view of the standard unit of measurement; determining a first transformation factor for the first value and determining a second transformation factor for the second value, including identifying a first set of transformation variables for the first value and a second set of transformation variables for the second value, specifying a first transformation function to derive the standard unit of measurement using the first value and the first set of transformation variables and a second transformation function to derive the standard unit of measurement using the second value and the second set of transformation variables, receiving a value for each of the first set of transformation variables and the second set of transformation variables, and calculating the first transformation factor using the received values and the first transformation function and the second transformation factor using the received values and the second transformation function; and converting the first value using the first transformation factor and the second value using the second transformation factor, such that the first and second bidders can use the first and second values to determine in their respective own views ranking of their respective bidding situations with respect to other bidders.
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Specification