SYSTEM AND METHOD TO OPTIMIZE DISCOUNT SETTING UTILIZING FLEXIBLE PRICING AND CONTINUOUS PRODUCT TIME VALUE DECAY

摘要

A method and machine to provide a flexible pricing approach for one or more sellers and multiple buyers with a demand and time dependent real-time bid acceptance engine to work together to increase sales at optimal prices for both buyer and seller. Bids are accepted, by a machine comprising computing and comparative means as well as communication, fraud detection and manipulation parameters, at three potential moments in the process, at bid placement, between bid placement and auction end and at auction end. The acceptance threshold for bids is dependent on both time, demand and market volatility, but can be any combination of 2 or more. An auction will run between auction start and auction end and will only be prematurely terminated once supplies are depleted.

主权项

1. A method and device for providing one or more sellers the ability to sell a plurality of homogeneous goods and/or services to multiple bidders, comprising:
a. a machine comprising a central processing unit (CPU), rapid access memory (RAM), read only memory (ROM), a plurality of data storage locations, communications means, and peripherals, wherein the machine is capable of receiving and storing bids and their associated credit information, b. one or more bidders placing bids on goods or services and inputting payment credentials into the machine whereupon each bid is stored in one of the plurality of data storage locations and the associated payment information is stored in a payment information detail storage location, c. real-time processing of bids to immediately accept or reject bids, and d. storing of temporarily rejected bids in the one or more data storage locations and reconsidering temporarily rejected bids for acceptance at limited sequential time intervals until either inventory of offered goods or services are sold out or none of the limited sequential time intervals remain.