Abstract: The present invention is directed to systems and methods for implementing heuristic-based auctions for complex resource allocations. The systems and methods include an auctioneer's system that uses a bid-entry device comprising a dedicated system for each bidder to collect bid information and a mechanism by which the auctioneer may communicate results or current prices to bidders in a dynamic process. The auctioneer's system may be coupled to a database that stores information about the items for sale including bid information. The auctioneer's system may be configured to query this database and receive answers with information required to determine allocations and prices. The auctioneer's system may also be coupled, via a communication link, to one or more feasibility-checker systems, comprising a parallel array of one or more computing systems that implements the feasibility-checking process at any given round in a dynamic implementation or any computational iteration in a sealed-bid implementation.

Abstract: A system and method for configuring and executing an assignment exchange or auction with extensions to allocate items among bidders is disclosed. A server initializes the assignment auction or exchange and receives bid messages from one or more bidder devices, each bidder device associated with a bidder. Bidder devices may also communicate one or more constraints to the server to affect the allocation of items among bidders by the server. Additionally, the server includes bidder configuration data modifying the presentation of auction or exchange data to different bidders, allowing different bidders to receive different amounts of information regarding the auction or exchange. The bidder configuration data also allows the server to enable or restrict the types of bid messages different bidders may communicate to the server.

Abstract: Systems and methods for conducting multi-item auctions for complex goods that allows bidders to specify budget constraints is disclosed. The system includes a server, a network, a plurality of trader systems and a data store unit. The system allows bidders to work effectively with limited budgets. The server includes an allocation unit performs a sealed-bid auction that enables bidding without the risk of going over budget, and thus, the present invention encourages bidders to place more and higher bids. Sellers will therefore receive higher prices and goods are more likely to be efficiently assigned.

Abstract: The present invention is directed to implementing iterated sealed-bid auctions of several types of products or several varieties of a single product simultaneously in order to encourage select bidders to place more and higher bids. Sellers therefore receive higher prices and products or services are more likely to be efficiently assigned. In general, iterated sealed-bid auctions are auctions in which bidders may make a variety of offers involving different prices and the final prices and allocation are determined according to the rules of a sealed-bid auction, but in which bidders may receive some feedback from initial rounds of bidding in the iterated sealed-bid auctions and have some opportunity to improve their price offers.