Dynamic Two-Way Auction System for Heterogeneous Goods
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Solution Overview
Problem
Current two-way auction systems are limited to homogeneous commodities, requiring separate auctions for each type, which reduces market efficiency and prevents buyers from accessing potentially lower prices across auctions for heterogeneous goods.
Innovation Solution
A dynamic two-way auction method and system that allows for the dynamic association of descriptive information of participating goods with search conditions using formal language and logic, enabling the server to search, sort, and facilitate transactions across auctions for non-homogeneous goods based on bidding and offering prices.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Productivity
If current two-way auction mechanism is used for homogeneous commodities, then auction efficiency is high, but it cannot handle heterogeneous commodities requiring separate auctions which reduces market efficiency
Solution Approach 1:
The patent applies universality by creating a single auction system that can handle both homogeneous and heterogeneous commodities through standardized descriptive information fields. The system uses a unified auction mechanism where commodities are described using common attributes (price, quantity, delivery time, location), allowing the same auction platform to process diverse goods without requiring separate specialized auctions for each commodity type.
Solution Approach 2:
The patent changes parameters by introducing flexible descriptive information fields that can be dynamically configured for different commodity types. Instead of fixed commodity categories, the system uses parameter-based classification where commodities are identified and matched through their descriptive attributes, enabling the auction mechanism to adapt to heterogeneous goods by modifying the parameter values and relationships rather than creating separate auction structures.
2Reliability
If separate independent auctions are created for each commodity type, then each auction can be optimized for its specific goods, but buyers must manually search through multiple auctions which increases operation time and reduces market efficiency
Solution Approach 1:
The patent merges multiple separate auctions into a unified auction platform where different commodity types are consolidated under a single system. By combining heterogeneous commodities into one marketplace with standardized search and matching mechanisms, the system eliminates the need for buyers to manually navigate between multiple independent auctions, reducing search time while maintaining optimized trading for each commodity type through structured descriptive information.
Solution Approach 2:
The patent introduces an intermediary search and matching mechanism that acts as a mediator between buyers and multiple commodity auctions. This intermediary system processes buyer requests, searches across all active auctions, and presents relevant opportunities automatically, eliminating the manual search process while maintaining the optimized structure of individual commodity auctions through standardized information fields and matching algorithms.
3Device complexity
If manual selection of auctions is required for buyers, then system complexity is reduced, but trading efficiency decreases due to limited operator skill and time constraints
Solution Approach 1:
The patent applies self-service by enabling the system to automatically perform the matching and selection process that previously required manual operator intervention. The standardized descriptive information fields and automated search algorithms allow the system to independently identify suitable auctions and present them to buyers, eliminating the need for operators to manually search through auctions while maintaining relatively simple system architecture through standardized data structures and processing logic.
Data Source
AI summary
The present invention discloses a method for dynamic two-way auction, applicable for auctioning participating goods, comprising: (1) setting, by a server. The descriptive information, possible search conditions and the relations which associate each search condition with the descriptive information of all participating goods are set up and stored on the server side; (2) sending, by a buyer terminal and/or a seller terminal, a search request which includes a search condition to the server; (3) parsing, by the server, the search request to obtain the search condition, determining whether a definition of a relation which associates the search condition with the descriptive information has been recorded, and performing step (4) if the relation has not been recorded; (4) defining, by the server, a relation which associates the search condition with the descriptive information of some participating goods.