Patents by Inventor Cory W. Peichel

Cory W. Peichel has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method and system for prioritizing a bidder in an auction
    Patent number: 7809630
    Abstract: A method for conducting an auction includes allowing one or more bidders to each bid on one or more resources, and for each of the bidders: determining a priority level; calculating a bid rate interval; and regulating the relative likelihood of the bidder winning the auction. Calculating a bid rate interval is accomplished using at least the determined priority level of the bidder. Regulating the relative likelihood of the bidder winning the auction is accomplished by regulating, based at least on the calculated bid rate interval, the time between successive bids on the one or more resources made by the bidder.
    Type: Grant
    Filed: September 29, 2006
    Date of Patent: October 5, 2010
    Assignee: Raytheon Company
    Inventors: David W. Payton, Cory W. Peichel
  • Method and System for Prioritizing a Bidder in an Auction
    Publication number: 20080082425
    Abstract: According to one embodiment of the present invention, a method for conducting an auction includes allowing one or more bidders to each bid on one or more resources, and for each of the bidders: determining a priority level; calculating a bid rate interval; and regulating the relative likelihood of the bidder winning the auction. Calculating a bid rate interval is accomplished using at least the determined priority level of the bidder. Regulating the relative likelihood of the bidder winning the auction is accomplished by regulating, based at least on the calculated bid rate interval, the time between successive bids on the one or more resources made by the bidder.
    Type: Application
    Filed: September 29, 2006
    Publication date: April 3, 2008
    Applicant: Raytheon Company
    Inventors: David W. Payton, Cory W. Peichel