Invention Grant
- Patent Title: System and method for matching an offer with a quote
- Patent Title (中): 将报价与报价相匹配的系统和方法
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Application No.: US10830781Application Date: 2004-04-23
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Publication No.: US07672883B2Publication Date: 2010-03-02
- Inventor: Barnaby Merrick Harford , Sendi Widjaja , Maja Bogdanovic , Clair Hector
- Applicant: Barnaby Merrick Harford , Sendi Widjaja , Maja Bogdanovic , Clair Hector
- Applicant Address: US WA Bellevue
- Assignee: Expedia, Inc.
- Current Assignee: Expedia, Inc.
- Current Assignee Address: US WA Bellevue
- Agency: Knobbe Martens Olson & Bear LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
Described is a system and method that satisfies offers from customers with quotes from suppliers in a way that increases the likelihood of achieving an acceptable match. The system of the present invention is configured to receive from a customer an offer for a product. The system queries in parallel multiple suppliers for rate quotes on the desired product. Each of the suppliers is ranked according to the lowest rate quoted by each supplier. The supplier quoting the lowest rate is selected as the winner of the offer. The system may then evaluate any other rate quotes provided by the winning provider. The system may satisfy the customer's offer with the winning provider at a higher rate (if one was provided) than the winning rate quoted, up to the customer's offer (perhaps adjusted for a reasonable profit). In this way, even though the provider provides low rate quotes to win the offer, the provider may still realize a much higher rate for the goods or services by quoting additional, higher rate quotes as well.
Public/Granted literature
- US20040210513A1 System and method for matching an offer with a quote Public/Granted day:2004-10-21
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