Guaranteed offer generator
AssigneeXcira, Inc
InventorNancy J. Rabenold
Life of this patent
Estimating the term…
Abstract
Automatically generating guaranteed offers for commodities and non-commodities As such, the present disclosure presents various embodiments, as well as features and aspects thereof, of a guaranteed offer generator (“GOG”). The GOG accumulates and assimilates data, and then algorithmically processes this data with a server system to generate a guaranteed offer that, while removing the risk of an asset owner relinquishing his or her property in response to a low-ball sell, does not create an unacceptably high risk on the part of the guaranteed offeror.
Claims12
A method within a computer-implemented auction system for automatically generating guaranteed offers for a plurality of assets that are slated to be offered in a plurality of auctioning events, each auctioning event having a different buyer audience, the method comprising:
- the auction system operating in real-time to identify each of the plurality of assets to be offered in each auctioning event;
- the auction system then conducting a baseline price assessment of each of the identified assets to establish a baseline price;
- the auction system conducting a depreciation assessment of the plurality of assets to obtain a depreciation value;
- the auction system setting an interest level value for each auctioning event by identifying the buyer audience for each of the plurality of auctioning events and identifying an interest level of each buyer audience;
- the auction system conducting a conversion probability assessment of the plurality of assets to obtain a probability adjustment value;
- the auction system performing a real-time adjustment of the baseline price for the plurality of assets in view of the depreciation value, the interest level value and the probability adjustment value for each buyer audience and each auctioning event of the plurality of auctioning events;
- and
- the auction system presenting the plurality of assets in each of the plurality of auctioning events at the adjusted baseline price as the guaranteed offer for the plurality of assets for the buyer audience associated with the auctioning event, whereby simultaneously occurring auctioning events receive the plurality of assets at the adjusted baseline price in real-time.
A system for automatically generating real-time guaranteed offers for assets in plurality of assets to be auctioned in a plurality of auctioning events, the system comprising:
- a processor,
- a memory element containing instructions which when executed by the processor provides the functions of:
- an asset identification engine that identifies each of the plurality of assets to be offered in each auctioning event;
- a baseline price assessment engine that conducts a baseline price assessment of the plurality of assets to identify a baseline price;
- a depreciation assessment engine that conducts a depreciation assessment of the plurality of assets to obtain a depreciation value;
- a demographics assessment engine that sets an interest level value for each auctioning event by identifying the buyer audience for each of the plurality of auctioning events and identifying an interest level of each buyer audience;
- a conversion probability assessment engine that conducts a conversion probability assessment of the plurality of assets to obtain a probability adjustment value;
- the processor further performs a real-time adjustment of the baseline price for the plurality of assets in view of the depreciation value, the interest level value and the probability adjustment value for each buyer audience and each auctioning event of the plurality of auctioning events;
- and
- presenting the plurality of assets in each of the plurality of auctioning events at the adjusted baseline price as the guaranteed offer for the plurality of assets for the buyer audience associated with the auctioning event, whereby simultaneously occurring auctioning events receive the plurality of assets at the adjusted baseline price in real-time.
Dependencies are inferred from the claim text.