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US 2003/0115079 A1Published application
Method of and system for ranking optimal values
OwnerMartin M. Rapaportinventor
Life of this patent
Estimating the term…
Abstract
Transactions are ranked in order of their value in an on-line computer network by comparing a quoted price for each transaction with an adjusted transaction price which is obtained after adjusting a suggested transaction price based on expert assessment.
Claims11
A method of ranking transactions in order of their value, comprising the steps of:
- a) entering parameters concerning a first transaction in a database served by an on-line global network of interconnected computers, and retrieving from the database a suggested price for the first transaction based on the entered parameters;
- b) adjusting the suggested price based on expert assessment to obtain an adjusted price for the first transaction;
- c) comparing the adjusted price with a quoted price to obtain a transaction value for the first transaction;
- d) storing the transaction value for the first transaction;
- e) repeating steps a) through d) for other transactions to create a store of transaction values for multiple transactions;
- f) ranking the transaction values in the store in order of their value;
- and
- g) communicating the ranking of the transaction values to a consumer.
5 more elements
A system for ranking transactions in order of their value, comprising:
- a) a server connected to an on-line global network of interconnected computers, the server being operatively connected to a database;
- b) a personal computer operated by a consumer, and having means for enabling parameters concerning respective transactions to be entered in the database;
- c) the server being operative, for each transaction, for retrieving from the database a suggested price for the transaction based on the entered parameters, for adjusting the suggested price based on expert assessment to obtain an adjusted price for the transaction, for comparing the adjusted price with a quoted price to obtain a transaction value for the transaction, for storing the transaction value for the transaction in a memory, and for ranking the transaction values in order of their value;
- and
- d) a display operatively connected to the computer, for displaying the ranking of the transaction values to the consumer.
2 more elements
Dependencies are inferred from the claim text.