Nachiappan Annamalai

US Patent:

20030135444, Jul 17, 2003

Filed:

Jan 15, 2002

Appl. No.:

10/047766

Inventors:

Nachiappan Annamalai - Pittsburgh PA, US
Vijay Raghuraman - Pittsburgh PA, US
Christopher Smith - Wexford PA, US
Benjamin Snyder - Bethel Park PA, US

International Classification:

G06F017/60

US Classification:

705/037000

Abstract:

A method for multiple award optimization bidding in online auctions, including providing, by the buyer, a price ceiling and a tolerance for a resource, soliciting bids, having a unit price and quantity, from suppliers, validating the bids if the bids meet a set of rules, generating an optimal solution, having an optimal quantity and an optimal unit price from at least one supplier, comparing the optimal unit price to a compare value, and replacing the compare value with the optimal unit price if the optimal unit price is less than the compare value.