Title:
DYNAMIC QUALITY CONTROL CONDITIONAL PURCHASE OFFER (CPO) MANAGEMENT SYSTEM
Document Type and Number:
WIPO Patent Application WO2000034886
Kind Code:
A9
Abstract:
A dynamic quality control conditional purchase offer (CPO) management system (100) is disclosed for processing CPOs received from one or more buyers (110) for a product. The dynamic quality control CPO management system (100) processes each received CPO to determine whether one or more sellers (130) are willing to accept a given CPO. The dynamic quality control CPO management system (100) initially evaluates received CPOs to identify CPOs which are not statistically likely to be accepted by sellers. If a received CPO is statistically likely to be accepted, the dynamic quality control CPO management system (100) can submit the CPO for further consideration by sellers (130) to determine if any seller actually accepts the CPO, or provisionally accepts the CPO. If a received CPO is statistically likely to be rejected, the dynamic quality control CPO management system (100) can (i) instantly reject the CPO, (ii) encourage the buyer to modify the CPO, so that the modified CPO is more likely to be accepted by a seller, or (iii) subsidize the CPO in order to make it more likely to be accepted. A historical conditional purchase offer database is used to track and store information on CPOs that have been previously processed by the dynamic quality control CPO management system (100).
Inventors:
WALKER JAY S
CASE T SCOTT
TEDESCO DANIEL E
JORASCH JAMES A
CASE T SCOTT
TEDESCO DANIEL E
JORASCH JAMES A
Application Number:
PCT/US1999/028579
Publication Date:
September 27, 2001
Filing Date:
December 03, 1999
Export Citation:
Assignee:
PRICELINE COM INC (US)
International Classes:
G06Q20/00; G06Q30/00; G07F9/02; G07G1/00; (IPC1-7): G06F15/26
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