Patent ID: 7324969
Filing Date: 2008-01-29
Classification: G06Q,Y10S

Abstract:
1. A method of providing an automated auction of a web service at a web service provider's side, comprising: receiving a bid request from a potential customer; creating a customer bid value (CBV) rating based on information in the bid request and the web service provider's priorities; creating a current service value (CSV) rating that signifies value warranted by market demand of a bid in response to the bid request; and determining whether a value of the bid in response to the bid request is below what market demand warrants by determining whether the CBV rating is less than the CSV rating, wherein the bid requested is rejected if the bid value is below what market demand warrants, while the bid is assembled and issued to the potential customer if the bid value is above what market demand warrants, and the automated auction is terminated if the bid request is rejected or if the assembled and issued bid is rejected.