Real time electronic commerce telecommunication system and method
First Claim
1. An auction method, comprising:
- (a) identifying at least one lot to be auctioned, having a plurality of units within the lot and associated auction parameters;
(b) transmitting a remaining quantity of units within the lot from a central server to a plurality of remote locations;
(c) receiving bid identifications for remaining units within the lot at the contemporaneous offering price from the plurality of remote locations by communicating between a set of users and a plurality remote servers at respective remote locations to interactively define the bid identifications, and communicating the defined bid identifications between the remote location and the central server substantially without interactive communications directly between the user and the central server; and
(d) decrementing the offering price over time.
1 Assignment
0 Petitions
Accused Products
Abstract
An auction system and method, which identifies at least one lot to be auctioned, having a plurality of units within the lot and associated auction parameters; transmits a remaining quantity of units within the lot from a central server to a plurality of remote locations; receives bid identifications for remaining units within the lot at the contemporaneous offering price from the plurality of remote locations; and decrements the offering price over time. The decrement may be adaptive to a bid activity pattern, and the bid activity pattern may be stored in a database. A local server may be provided to communicate between the central server and remote locations while changing the format of the information communicated. The packets preferably include compressed information, and preferably include quantity remaining information for a plurality of auction lots.
62 Citations
31 Claims
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1. An auction method, comprising:
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(a) identifying at least one lot to be auctioned, having a plurality of units within the lot and associated auction parameters; (b) transmitting a remaining quantity of units within the lot from a central server to a plurality of remote locations; (c) receiving bid identifications for remaining units within the lot at the contemporaneous offering price from the plurality of remote locations by communicating between a set of users and a plurality remote servers at respective remote locations to interactively define the bid identifications, and communicating the defined bid identifications between the remote location and the central server substantially without interactive communications directly between the user and the central server; and (d) decrementing the offering price over time. - View Dependent Claims (2)
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3. An auction method, comprising:
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(a) identifying at least one lot to be auctioned, having a plurality of units within the lot and associated auction parameters; (b) transmitting a remaining quantity of units within the lot from a central server to a plurality of remote locations; (c) automatically maintaining synchronization of a clock at each remote location and receiving at the central server bid identifications for remaining units within the lot at the contemporaneous offering price associated with a time of bid identification from the plurality of remote locations; (d) decrementing the offering price over time and decrementing the quantity of remaining units, prioritizing award of units based on the time of bid identification, if received within a bid time window; and (e) storing a bid activity pattern in a database. - View Dependent Claims (4, 5, 6, 7, 8)
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9. A method for conducting an auction, comprising the steps of:
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identifying a plural quantity of subject for auction; specifying a temporal parameter for an auction, selected from the group consisting of starting time, ending time, time dilation rule, auction cessation rule, and time-price relationship; providing a seller yield management system to define a set of supply parameters, including non-zero reserve and available quantity of subject; receiving buyer demand-utility function from a plurality of prospective buyers, each buyer demand-utility function defining the respective buyer'"'"'s bid; over a period of time, generally relaxing a limiting restriction on acceptable transaction parameters for the subject, and prioritizing an award of a quantity of subject to a respective buyer based on a sequence of generation of bids, if received within a bid time window, wherein the sequence is determined based on an automatically synchronized timebase, which maximizes a seller utility; and ending the auction upon the earlier of an expiration of the auction, exhaustion of available quantity, or a surplus of the reserve over all prospective buyer'"'"'s bids. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A method for conducting a transaction, comprising the steps of:
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identifying a subject; specifying a set of rules relating to a transaction involving the subject; implementing the set of rules of transaction proximate to a client for ensuring compliance with each of said rules; efficiently communicating transaction information from the client to a server complying with said rules; and receiving, at said server, transaction information from a client, wherein the rules provide for temporal variations in permissible transaction parameters. - View Dependent Claims (17, 18, 22, 23, 24, 25, 26, 27)
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19. A method for conducting a transaction, comprising the steps of:
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identifying a subject; specifying a set of rules relating to a transaction involving the subject; implementing the set of rules of transaction proximate to a client for ensuring compliance with each of said rules; efficiently communicating transaction information from the client to a server complying with said rules; and receiving, at said server, transaction information from a client, wherein the subject is a travel ticket. - View Dependent Claims (20, 29, 30)
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21. A method for conducting a transaction, comprising the steps of:
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identifying a subject; specifying a set of rules relating to a transaction involving the subject; implementing the set of rules of transaction proximate to a client for ensuring compliance with each of said rules; efficiently communicating transaction information from the client to a server complying with said rules; and receiving, at said server, transaction information from a client, wherein the rules prevent inconsistent itineraries.
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28. A method for conducting a transaction, comprising the steps of:
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identifying a subject; specifying a set of rules relating to a transaction involving the subject; implementing the set of rules of transaction proximate to a client for ensuring compliance with each of said rules; efficiently communicating transaction information from the client to a server complying with said rules; and receiving, at said server, transaction information from a client, wherein a buyer demand-utility function comprises a non-uniform maximum bid price per incremental unit of subject available and a minimum quantity desired for purchase.
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31. A method for conducting a transaction, comprising the steps of:
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identifying a subject; specifying a set of rules relating to a transaction involving the subject; implementing the set of rules of transaction proximate to a client for ensuring compliance with each of said rules; efficiently communicating transaction information from the client to a server complying with said rules; and receiving, at said server, transaction information from a client, wherein the server identifies a quantity of subject available for transaction and a minimum price of transaction using an airline ticket yield management system to optimize overall profits to seller based on chronology, an inventory of subject remaining, and anticipated market conditions defining demand for the subject.
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Specification