Method and system for providing a document service over a computer network using an automated brokered auction

• US 5,826,244 A
• Filed: 08/23/1995
• Issued: 10/20/1998
• Est. Priority Date: 08/23/1995
• Status: Expired due to Term

• Current Assignee: Xerox Corporation (Xerox Holdings Corp.)
• Original Assignee: Xerox Corporation (Xerox Holdings Corp.)
• Inventors: Huberman, Bernardo A.
• Primary Examiner(s): Tkacs, Stephen R.
• Application Number:
  US08/518,632
• Time in Patent Office: 1,154 Days
• Field of Search: 235/61 M, 340/825.3, 379/88, 379/92, 395/226, 395/228, 395/236, 395/237, 395/239, 395/240, 395/242, 395/244, 705/26, 705/28, 705/35, 705/36, 705/37, 705/39, 705/40, 705/42, 705/44
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system and method to enable and facilitate networked, automated, brokered auctioning of document services. A plurality of processes are executed, including a customer process representing a customer, a supplier process representing a supplier, and a broker process capable of serving as an intermediary between the customer and supplier processes. The broker process is provided with a description of a document service. Responsively to the description thus provided, an auction for the document service is conducted, as follows: a customer or supplier process submits a bid for the document service; the broker process receives bidding information including the submitted bid; the broker process attempts to establish a price for the document service responsively to the received bidding information and, if a price can be established, establishes the price; if a price is established, the broker process proposes a transaction wherein the document service is to be provided at the established price; and if the proposed transaction is accepted, it can proceed automatically.

Claims

1. In a system comprising at least one processor, a method comprising the steps of:

executing in the system a plurality of processes including

a first collection of participant processes, the processes of the first collection being customer processes, each customer process representing a customer,

a second collection of participant processes, the processes of the second collection being supplier processes, each supplier process representing a supplier, and

a broker process capable of serving as an intermediary among the customer and supplier processes;

providing a description of a commercial document service to the broker process;

responsively to the description thus provided, conducting an auction for the document service, the auction including the steps of

submitting a set of bids for the document service, each bid of the set being submitted from a participant process,

receiving the bids of the set in the broker process,

determining in the broker process responsively to the received bids whether the bids can be reconciled to establish a price, and

if the bids can be reconciled performing the steps of;

establishing a price for the document service with the broker process;

selecting with the broker process from among the customer processes a first preferred process, the first preferred process representing a preferred customer;

selecting with the broker process from among the supplier processes a second preferred process, the second preferred process representing a preferred supplier;

proposing with the broker process a commercial transaction wherein the document service is to be provided for the preferred customer by the preferred supplier at the established price.

2. A system comprising:

a collection of computing nodes, each computing node comprising a processor;

a network providing interprocess communication for processes executed using computing nodes of the collection; and

software, executable using at least one computing node of the collection, to effect a plurality of processes including;

a first collection of participant processes, the processes of the first collection being customer processes, each customer process representing a customer,

a second collection of participant processes, the processes of the second collection being supplier processes, each supplier process representing a supplier, and

a broker process capable of serving as an intermediary among the customer and supplier processes, said broker process capable of;

receiving a description of a commercial document;

responsively to the description thus provided, conducting an auction for the document service, the auction including the steps of

receiving a set of bids for the document service, each bid of the set being submitted from a participant process,

determining responsively to the received bids whether the bids can be reconciled to establish a price, and

if the bids can be reconciled performing he steps of;

establishing a price for the document service with the broker process;

selecting with the broker process from among the customer processes a first preferred process, the first preferred process representing a preferred customer;

selecting from among the supplier processes a second preferred process, the second preferred process representing a preferred supplier;

proposing a commercial transaction wherein the document service is to be provided for the preferred customer by the preferred supplier at their established price.