Auctions for multiple items with constraints specified by the bidders

Auctions for multiple items with constraints specified by the bidders

A method for considering constraints imposed by the bidders in auctions for multiple items. The invention discloses representative examples of such constraints. We demonstrate that a winner determination problem may be formulated as an integer program, and may be solved by commercially available sof...

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Bibliographische Detailangaben
1. Verfasser: DIETRICH BRENDA LYNN
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:A method for considering constraints imposed by the bidders in auctions for multiple items. The invention discloses representative examples of such constraints. We demonstrate that a winner determination problem may be formulated as an integer program, and may be solved by commercially available software packages. This invention includes both a business process of auctioning multiple items with constraints specified by the bidder, and a computer implemented method for determining winners in such an auction.