Patent ID: 7177832
Filing Date: 2007-02-13
Classification: G06Q

Abstract:
1. A method of allocating an arbitrarily divisible resource comprising the steps of: receiving first data indicative of at least one bid comprising a quantity component indicating a requested quantity of said resource, and a price component; receiving second data indicative of a new bid comprising a quantity component, a price component, and a bid fee; first providing at least one portion of said resource to each of said at least one bid having a price component higher than the price component of said new bid; second providing a second portion of said resource to said new bid responsive to said first providing step; calculating by a computer processor said new bid's cost as a function of the price data component of said at least one bid having a price component lower than said price component of said new bid that does not receive the entirety of the quantity of said resource requested in said at least one bid's quantity component as a result of said second providing; and storing cost data indicative of said new bid's calculated cost.