Method, system and apparatus for automatic real-time iterative commercial transactions over the internet in a multiple-buyer, multiple-seller marketplace optimizing both buyer and seller needs based upon the dynamics of market conditions

摘要

A method of communications network shopping by buyers of products and services for purchasing such from sellers in which buyers request an automatic reverse auctioneer or auction controller to initiate a reverse auction in real time amongst willing sellers and to it their automatic real-time iterative bidding price quotations for such products and services to be returned automatically over the network back to the controller under the iterative processing guidance of the controller to assure a best bid price quotation for the buyer; and automatically effecting buyer notification or purchase at such best price, all while the buyer may remain online, and without any manual intervention.

主权项

1. A method of automatically requesting and receiving, in real-time and on-line over a communication network, price quotations from one or more sellers of products and/or services, that comprises:
submitting a request for price quotations from a buyer system to an intermediate controller processor; submitting the received buyer request over the network to computers of the sellers in real-time upon receipt by the intermediate controller; automatically generating, by adaptive engines of the sellers' computers and without manual intervention, price quotations responsive to the buyer request; returning the generated price quotations to the controller over the network; automatically processing the seller price quotations received back over the network at the controller and thereupon communicating one or more of them back to the buyer, all with no manual intervention.