System and method for managing and evaluating network commodities purchasing
First Claim
1. A computer-implemented method for evaluating the market value of items, the method comprising:
- receiving, by a computer, one or more product specification data sets that identify at least one item that is defined by two or more parameters, or a plurality of items that differ in accordance with at least one parameter; and
for at least one item identified in a received product specification data set;
obtaining, from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item identified in the product specification data set;
adapting the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and
using the normalized market price data sets;
calculating a market value for the at least one item in the product specification data set; and
communicating the calculated market value for the at least one item in the product specification data set to at least one output.
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Abstract
Methods and computer storage media provide for evaluating the market value of items. A product specification data set identifies an item defined by two or more parameters, or items that differ in accordance with at least one parameter. For at least one item, transaction data sets that include previously-exposed transaction data between buyers and sellers are obtained. The transaction data represents market reference price data of a particular period of time. The market reference price data is adapted by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, transforming the transaction data sets into normalized market price data sets that are used to calculate a market value for the item, and communicate the market value to an output. In additional embodiments, price data sets are received and evaluated.
117 Citations
227 Claims
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1. A computer-implemented method for evaluating the market value of items, the method comprising:
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receiving, by a computer, one or more product specification data sets that identify at least one item that is defined by two or more parameters, or a plurality of items that differ in accordance with at least one parameter; and for at least one item identified in a received product specification data set; obtaining, from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item identified in the product specification data set; adapting the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and using the normalized market price data sets; calculating a market value for the at least one item in the product specification data set; and communicating the calculated market value for the at least one item in the product specification data set to at least one output. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 182, 183, 184, 185, 186, 187, 188)
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47. A non-transitory computer-readable storage medium having computer-executable instructions stored thereon, wherein the instructions, in response to execution by one or more computing devices, cause the one or more computing devices to:
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receive one or more product specification data sets that identify at least one item that is defined by two or more parameters, or a plurality of items that differ in accordance with at least one parameter; and for at least one item identified in a received product specification data set; obtain from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item identified in the product specification data set; adapt the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and using the normalized market price data sets; calculate a market value for the at least one item in the product specification data set; and communicate the calculated market values for the at least one item in the product specification data set to at least one output. - View Dependent Claims (48, 49, 50, 51, 52, 53, 54, 55, 56, 189, 190, 191, 192, 193, 194, 195)
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57. A computer-implemented method for evaluating the market value of items, the method comprising:
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receiving, by a computer, one or more price data sets, wherein each price data set specifies; at least one item that is defined by two or more parameters, or a plurality of items that vary in accordance with at least one parameter; and price data corresponding to the at least one item in the price data set; and for at least one item identified in a received price data set; obtaining from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item identified in the price data set; adapting the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and using the normalized market price data sets; calculating a market value for the at least one item in the price data set; and communicating the calculated market value for the at least one item in the price data set to at least one output. - View Dependent Claims (58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, 101, 102, 103, 104, 105, 106, 107, 108, 109, 110, 111, 112, 113, 114, 196, 197, 198, 199, 200, 201, 202, 203)
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115. A non-transitory, computer-readable storage medium having computer-executable instructions stored thereon, wherein the instructions, in response to execution by one or more computing devices, cause the one or more computing devices to:
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receive one or more price data sets, wherein each price data set specifies; at least one item that is defined by two or more parameters, or a plurality of items that vary in accordance with at least one parameter; and price data corresponding to the item or items in the price data sets; and for at least one item identified in a received price data set; obtain from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item in the price data set; adapt the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and using the normalized market price data sets; calculate a market value for the at least one item in the price data set; and communicate the calculated market value for the at least one item to at least one output. - View Dependent Claims (116, 117, 118, 119, 120, 121, 122, 123, 204, 205, 206, 207, 208, 209, 210, 211)
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124. A computer-implemented method for evaluating price data, the method comprising:
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receiving, by a computer, one or more product specification data sets that identify at least one item that is defined by two or more parameters, or a plurality of items that differ in accordance with at least one parameter; receiving, by a computer, one or more price data sets, wherein each price data set identifies one or more items and corresponding price data that are responsive to one or more of the items in the product specification data sets; and for at least one item identified in a received product specification data set and at least one item identified in a received price data set that is responsive to the at least one item in the product specification data set; obtaining from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item in the product specification data set and the at least one item in the price data set; and adapting the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and using the normalized market price data sets; calculating a market value for the at least one item in the product specification data set and/or calculating a market value for the at least one item in the price data set; comparing the calculated market value of; the at least one item in the product specification data set with the calculated market value of the at least one item in the price data set;
orthe at least one item in the product specification data set with the corresponding price data of the at least one item in the price data set;
orthe at least one item in the price data set with the corresponding price data of the at least one item in the price data set; and communicating the comparison to at least one output. - View Dependent Claims (125, 126, 127, 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 138, 139, 140, 141, 142, 143, 144, 145, 146, 147, 148, 149, 150, 151, 152, 153, 154, 155, 156, 157, 158, 159, 160, 161, 162, 163, 164, 165, 166, 167, 168, 169, 212, 213, 214, 215, 216, 217, 218, 219)
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170. A non-transitory computer-readable storage medium having computer-executable instructions stored thereon, wherein the instructions, in response to execution by one or more computing devices, cause the one or more computing devices to:
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receive one or more product specification data sets that identify at least one item that is defined by two or more parameters, or a plurality of items that differ in accordance with at least one parameter; receive one or more price data sets, wherein each price data set identifies one or more items and corresponding price data that are responsive to one or more of the items in the product specification data sets; and for at least one item identified in a received product specification data set and at least one item identified in a received price data set that is responsive to the at least one item in the product specification data set; obtain from one or more databases, a plurality of transaction data sets comprised of previously exposed transaction data between buyers and sellers, wherein the transaction data represents market reference price data of a particular period of time, and wherein the transaction data sets are responsive to the at least one item in the product specification data set and the at least one item in the price data set; adapt the market reference price data by applying one or more pre-defined rules, variables, or criteria operably associated with the item, a parameter of the item, and/or the one or more databases, to the market reference price data, whereby the plurality of transaction data sets are transformed into normalized market price data sets; and using the normalized market price data sets; calculate a market value for the at least one item in the product specification data set and/or calculate a market value for the at least one item in the price data set; compare the calculated market value of; the at least one item in the product specification data set with the calculated market value of the at least one item in the price data set;
orthe at least one item in the product specification data set with the corresponding price data of the at least one item in the price data set;
orthe at least one item in the price data set with the corresponding price data of the at least one item in the price data set; and communicate the comparison to at least one output. - View Dependent Claims (171, 172, 173, 174, 175, 176, 177, 178, 179, 180, 181, 220, 221, 222, 223, 224, 225, 226, 227)
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Specification