초록 ▼

A method for performing continuous auctions over a computer network system consisting of a server/seller and multiple clients/buyers. The seller makes information about the type of sale items, the number of sale items, minimum bid price, time limits for bids to be submitted, and estimated time inter

A method for performing continuous auctions over a computer network system consisting of a server/seller and multiple clients/buyers. The seller makes information about the type of sale items, the number of sale items, minimum bid price, time limits for bids to be submitted, and estimated time interval to the next auction decision available to the buyer by displaying it on buyers' computer terminals. Each buyer responds by entering a bid and such bid's duration, within the time limits set by the seller, in to the auction system through buyers' computer terminals. Additionally, a buyer's bid entry time is saved by the system. Determining the response time for present buyers to schedule the next auction. At least one auction winner, whose bid is within bid duration, is selected through a dynamically adjusted customer selection method.

대표청구항 ▼

[ Having thus described our invention, what we claim as new, and desire to secure by Letters Patent is:] [1.] A method for conducting continuous auctions for continuous sale of identical items over a computer network consisting of plurality of buyers and at least one seller, the method comprising th

[ Having thus described our invention, what we claim as new, and desire to secure by Letters Patent is:] [1.] A method for conducting continuous auctions for continuous sale of identical items over a computer network consisting of plurality of buyers and at least one seller, the method comprising the following steps:communicating seller information including an estimated time interval to the next auction decision;accepting buyer information for each of said buyers including a bid price, a bid entry time, a bid duration, and an intended purchase volume; anddynamically scheduling a next auction through determining a response time for said buyers by using said buyer information, said scheduling adjusted in a manner such that buyers are retained in said auction for as lone as Possible.