METHOD OF CALCULATING BIDDING STRATEGY FOR PURCHASING PLURALITY OF GOODS FROM PLURALITY OF DIFFERENT TYPES OF ON-LINE AUCTIONS

摘要

PROBLEM TO BE SOLVED: To provide bidding advice about purchase of similar goods from a plurality of different types of on-line auctions.;SOLUTION: A method of determining a bidding strategy for purchasing a plurality of goods from a plurality of different types of on-line auctions is provided. The method comprises a step for accessing probabilistic belief models for each of the plurality of different types of auctions, a step for considering combinations of bids in each specific auction type for the plurality of different types of auctions, a step for removing each possible bid of the combination of bids which fails to meet a predefined constraint of that type of auction for the plurality of different types of auctions, by use of the probabilistic belief models, a step for estimating the expected benefit of each possible combination of bids across different types of auctions by use of the probabilistic belief models, and a step for selecting the combination of bids across different types of auctions which provides the highest expected benefit, for use as the bidding strategy.;COPYRIGHT: (C)2004,JPO