METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR DETERMINING PARTICIPANT RATINGS

METHOD, APPARATUS, AND COMPUTER PROGRAM PRODUCT FOR DETERMINING PARTICIPANT RATINGS

Some examples provide systems, methods, apparatus, and computer program products for evaluating participants in a market platform based on the performance of the participants in transactions using the market platform. These evaluations may result in ratings being assigned to the participants, where...

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Bibliographische Detailangaben
Hauptverfasser: RICHER PATRICK, KIRCHENBAUER TROY WAYNE, LEWIS RUSSELL FRANCIS
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Some examples provide systems, methods, apparatus, and computer program products for evaluating participants in a market platform based on the performance of the participants in transactions using the market platform. These evaluations may result in ratings being assigned to the participants, where the rating provides an assessment of the desirability of contracting with the particular party. For example, a rating may provide an estimate of the likelihood that a buyer will comply with the commitment level of their committed pricing agreement, or a rating may provide an estimate of how likely a supplier is to deliver ordered goods in a timely manner and at an agreed-upon price. Implementations may further allow for configuration of a rating engine to provide a unique rating designed for a particular contracting party.