Bidding engine for intention-based e-commerce among buyers and competing sellers

• US 8,983,863 B2
• Filed: 06/21/2014
• Issued: 03/17/2015
• Est. Priority Date: 07/15/2013
• Status: Expired due to Fees

• Current Assignee: AZUL Mobile, Inc. (Atlas Reality, Inc.)
• Original Assignee: AZUL Mobile, Inc. (Atlas Reality, Inc.)
• Inventors: Vieira, Marcelo P., Vishwanath, Sriram
• Primary Examiner(s): HAQ, NAEEM U
• Application Number:
  US14/311,257
• Publication Number:
  US 20150019365A1
• Time in Patent Office: 269 Days
• Field of Search: 705/26.1, 705/26.2, 705/26.25, 705/26.3, 705/26.35, 705/26.4, 705 2641- 2644, 705/26.5, 705/26.7, 705/26.8, 705/26.81, 705/26.82, 705/26.9, 705/27.1, 705/27.2
• US Class Current: 705/26.3
• CPC Class Codes: G06Q 30/0611 Request for offers or quotes
• CPC Class Codes: G06Q 30/08 Auctions

Abstract

A platform through which companies that offer products bid to obtain an opportunity to provide a product to an end user expressing an intent in purchasing it. The user specifies a first data set defining a product he or she desires to buy, a designated time at or by which it is to be provided, and a value that the user is willing to pay. The platform receives a second data set from each of one or more vendors. Each such data set includes a range of prices that the respective vendor is willing to accept for its sale of the product, and a bid strategy. A bid process is then executed to generate a result that identifies at least one vendor, and a price within the range of prices originally offered by that vendor. The result is provided to the user, and a transaction may then be consummated.

Claims

1. Computer apparatus, comprising:

one or more hardware processors;

computer memory storing computer program code executed in the one or more hardware processors to;

establish and maintain a set of probabilistic clock processing threads, each probabilistic clock processing thread associated with a data pair comprising a first data set, and a given second data set;

execute, iteratively, the probabilistic clock processing threads to generate, on a continuous basis but at random times, as determined by strikes of the probabilistic clocks, a set of outputs, wherein each output in the set of outputs is generated within its probabilistic clock processing thread and at its associated probabilistic clock strike and asynchronously with respect to at least one other output such that the set of outputs are generated by the probabilistic clock processing threads in a manner that avoids continuous processing by the computer apparatus even as a number of probabilistic clock processing threads increases, thereby providing an improved operation of the computer apparatus;

provide the set of outputs, together with any update to an output that results from an iteration, to the first entity; and

upon receipt of data indicating a selection from the set of outputs by the first entity, take an action;

wherein;

the first data set is received from a first entity and defines a product or service that the first entity desires to obtain, and a value the first entity is willing to pay to obtain the product or service;

a second data set is received from a second entity and includes a range of data values that that the respective second entity is willing to accept to provide the product or service, and a strategy that defines how a data value within the range of data values is adjusted by a probabilistic clock processing thread associated with the second data set to attempt to obtain for the second entity a right to provide the product or service;

each output in the set of outputs includes a data value within the range of data values that the respective second entity is willing to accept to provide the product or service;

the set of outputs are generated in a manner that avoids undesired data value equilibria wherein respective second entities are driven to minimum data values within their respective data value ranges as a result of iterative execution of the probabilistic clock processing threads; and

the action facilitates an online transaction between the first entity and a given one of the second entities associated with the selection.

2. The apparatus as described in claim 1 wherein the first data set further includes a designated time at or by which the first entity desires to commit to the online transaction, and wherein the probabilistic clock processing threads are executed during a time period between receipt of the first data set and the designated time.

3. The apparatus as described in claim 2 wherein the data value within the range of data values is a price, wherein the price depends on one of:

an amount of time remaining before the designated time, a number of other first entities also requesting an intent to buy the product or service, an inventory of the product or service, a distance between the first entity and a respective second entity, and an amount of loyalty points a first entity has accumulated with the respective second entity.

4. The apparatus as described in claim 1 wherein the probabilistic clock processing threads are executed against subsets of the second data sets during a series of discrete states, and wherein the output of a given probabilistic clock processing thread is a function of a current or recent state, and not on a distant past state.

5. The apparatus as described in claim 4 wherein a first subset differs from a second subset across first and second of the discrete states.

6. The apparatus as described in claim 5 wherein the series of discrete steps follow a continuous time block Markov chain.

7. The apparatus as described in claim 5 wherein timing across the series of discrete steps is non-uniform.

8. The apparatus as described in claim 1 wherein the strategy is one of:

a first strategy designed to maximize a number of first entities for the product or service, a second strategy designed to maximize a price the respective second entity can obtain for the product or service, and a third strategy designed to trade-off, as a linear function, a number of first entities versus a maximum price for the product or service.

9. The computer apparatus as described in claim 1 wherein the computer program code is executed to provide updates of the outputs to the first entity via an asynchronous data interchange mechanism.

10. A method, comprising:

establishing and maintaining, within a computing entity, a set of probabilistic clock processing sequences, each probabilistic clock processing sequence associated with a data pair comprising a first data set, and a given second data set;

executing, iteratively, the probabilistic clock processing sequences to generate, on a continuous basis but at random times, as determined by strikes of the probabilistic clocks, a set of outputs, wherein each output in the set of outputs is generated within its probabilistic clock processing sequence and at its associated probabilistic clock strike and asynchronously with respect to at least one other output such that the set of outputs are generated by the probabilistic clock processing sequences in a manner that avoids continuous processing by the computer entity even as a number of probabilistic clock processing threads increases, thereby providing an improved operation of the computing entity;

providing the set of outputs, together with any update to an output that results from an iteration, to the first entity; and

upon receipt of data indicating a selection from the set of outputs by the first entity, taking an action;

wherein;

the first data set is received from a first entity and defines a product or service that the first entity desires to obtain, and a value the first entity is willing to pay to obtain the product or service;

a second data set is received from a second entity and includes a range of data values that that the respective second entity is willing to accept to provide the product or service, and a strategy that defines how a data value within the range of data values is adjusted by a probabilistic clock processing sequence associated with the second data set to attempt to obtain for the second entity a right to provide the product or service;

each output in the set of outputs includes a data value within the range of data values that the respective second entity is willing to accept to provide the product or service;

the set of outputs are generated in a manner that avoids undesired data value equilibria wherein respective second entities are driven to minimum data values within their respective data value ranges as a result of iterative execution of the probabilistic clock processing sequences; and

the action facilitates an online transaction between the first entity and a given one of the second entities associated with the selection.

11. The method as described in claim 10 wherein the first data set further includes a designated time at or by which the first entity desires to commit to the online transaction, and wherein the probabilistic clock processing sequences are executed during a time period between receipt of the first data set and the designated time.

12. The method as described in claim 11 wherein the data value within the range of data values is a price, wherein the price depends on one of:

an amount of time remaining before the designated time, a number of other first entities also requesting an intent to buy the product or service, an inventory of the product or service, a distance between the first entity and a respective second entity, and an amount of loyalty points a first entity has accumulated with the respective second entity.

13. The method as described in claim 10 wherein the probabilistic clock processing sequences are executed against subsets of the second data sets during a series of discrete states, and wherein the output of a given probabilistic clock processing sequence is a function of a current or recent state, and not on a distant past state.

14. The method as described in claim 13 wherein a first subset differs from a second subset across first and second of the discrete states.

15. The method as described in claim 14 wherein the series of discrete steps follow a continuous time block Markov chain.

16. The method as described in claim 14 wherein timing across the series of discrete steps is non-uniform.

17. A computer program product in a non-transitory computer readable medium, the computer program product including program code executed by one or more hardware processors in a computing entity to:

establish and maintain a set of probabilistic clock processing threads, each probabilistic clock processing thread associated with a data pair comprising a first data set, and a given second data set;

execute, iteratively, the probabilistic clock processing threads to generate, on a continuous basis but at random times, as determined by strikes of the probabilistic clocks, a set of outputs, wherein each output in the set of outputs is generated within its probabilistic clock processing thread and at its associated probabilistic clock strike and asynchronously with respect to at least one other output such that the set of outputs are generated by the probabilistic clock processing threads in a manner that avoids continuous processing by the computer apparatus even as a number of probabilistic clock processing threads increases, thereby providing an improved operation of the computing entity;

provide the set of outputs, together with any update to an output that results from an iteration, to the first entity; and

upon receipt of data indicating a selection from the set of outputs by the first entity, take an action;

wherein;

the first data set is received from a first entity and defines a product or service that the first entity desires to obtain, and a value the first entity is willing to pay to obtain the product or service;

a second data set is received from a second entity and includes a range of data values that that the respective second entity is willing to accept to provide the product or service, and a strategy that defines how a data value within the range of data values is adjusted by a probabilistic clock processing thread associated with the second data set to attempt to obtain for the second entity a right to provide the product or service;

each output in the set of outputs includes a data value within the range of data values that the respective second entity is willing to accept to provide the product or service;

the set of outputs are generated in a manner that avoids undesired data value equilibria wherein respective second entities are driven to minimum data values within their respective data value ranges as a result of iterative execution of the probabilistic clock processing threads; and

the action facilitates an online transaction between the first entity and a given one of the second entities associated with the selection.

18. The computer program product as described in claim 17 wherein the first data set further includes a designated time at or by which the first entity desires to commit to the online transaction, and wherein the probabilistic clock processing threads are executed during a time period between receipt of the first data set and the designated time.

19. The computer program product as described in claim 18 wherein the data value within the range of data values is a price, wherein the price depends on one of:

an amount of time remaining before the designated time, a number of other first entities also requesting an intent to buy the product or service, an inventory of the product or service, a distance between the first entity and a respective second entity, and an amount of loyalty points a first entity has accumulated with the respective second entity.

20. The computer program product as described in claim 17 wherein the program code is executed to provide updates of the outputs to the first entity via an asynchronous data interchange mechanism.