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US Patent 8195524 Items ratio based price/discount adjustment in a combinatorial auction

Patent 8195524 was granted and assigned to CombineNet on June, 2012 by the United States Patent and Trademark Office.

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Patent

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Current Assignee
CombineNet
CombineNet
Patent Jurisdiction
United States Patent and Trademark Office
United States Patent and Trademark Office
Patent Number
8195524
Patent Inventor Names
Vincent Conitzer0
Yuri Smirnov0
David C. Parkes0
David L. Levine0
Robert L. Shields0
Subhash Suri0
Tuomas Sandholm0
Date of Patent
June 5, 2012
Patent Application Number
12509715
Date Filed
July 27, 2009
Patent Citations Received
‌
US Patent 11775552 Binding annotations to data objects
Patent Primary Examiner
‌
Yogesh C. Garg
Patent abstract

In a combinatorial exchange, rules can be input for processing bids and a desired exchange objective can be defined. A subset of the rules can be used to determine if an allocation of the bids exists that is optimal for the type of exchange being conducted. If the desired exchange objective is not satisfied, new allocations can be determined using different subsets of rules each time until the desired exchange objective is satisfied. At least one of the bids can include a reference ratio; a discount; a price associated with a quantity Q1 of a first item; a price associated with a quantity Q2 of a second item; and a rule that causes said discount to be applied to an average price of Q1 and an average price of Q2 for each instance of the allocated quantity Q1 over the allocated quantity Q2 that equals the reference ratio.

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