Abstract: There is provided a computer system for conducting auctions over a computer network, comprising: a posting system operable to post on the computer network information describing each lot of a plurality of lots that are available for bidding by a plurality of bidders, each lot including at least one item; a bid receiving system for receiving a bid relating to at least a portion of a lot of the plurality of lots, characterized in that the posting system is operable to define an n-dimensional matrix, where n is at least 2, wherein the matrix comprises the plurality of lots, and wherein the posting system is operable to post the matrix on the computer network. A computer-implemented method relating to the computer system, and a computer-readable medium containing instructions for implementing the computer-implemented method, are also provided.
Type:
Grant
Filed:
July 13, 2012
Date of Patent:
December 24, 2019
Assignee:
SBB BUSINESS SERVICES LTD.
Inventors:
Chirag Shah, Alan Buxton, Ivan Pazniak, Yauheni Belarusets, Dariusz Gertych
Abstract: There is provided a computer system for conducting auctions over a computer network, comprising: a posting system operable to post on the computer network information describing each lot of a plurality of lots that are available for bidding by a plurality of bidders, each lot including at least one item; a bid receiving system for receiving a bid relating to at least a portion of a lot of the plurality of lots, characterized in that the posting system is operable to define an n-dimensional matrix, where n is at least 2, wherein the matrix comprises the plurality of lots, and wherein the posting system is operable to post the matrix on the computer network. A computer-implemented method relating to the computer system, and a computer-readable medium containing instructions for implementing the computer-implemented method, are also provided.
Type:
Application
Filed:
July 13, 2012
Publication date:
September 25, 2014
Applicant:
SBB BUSINESS SERVICES LTD.
Inventors:
Chirag Shah, Alan Buxton, Ivan Pazniak, Yauheni Belarusets, Dariusz Gertych