WO2001039059A1 - Method of auctioning based on cooperative buying in internet - Google Patents
Method of auctioning based on cooperative buying in internet Download PDFInfo
- Publication number
- WO2001039059A1 WO2001039059A1 PCT/KR2000/000578 KR0000578W WO0139059A1 WO 2001039059 A1 WO2001039059 A1 WO 2001039059A1 KR 0000578 W KR0000578 W KR 0000578W WO 0139059 A1 WO0139059 A1 WO 0139059A1
- Authority
- WO
- WIPO (PCT)
- Prior art keywords
- auction
- price
- buying
- goods
- selling
- Prior art date
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
- G06Q30/06—Buying, selling or leasing transactions
- G06Q30/08—Auctions
-
- G—PHYSICS
- G06—COMPUTING; CALCULATING OR COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q30/00—Commerce
- G06Q30/06—Buying, selling or leasing transactions
- G06Q30/0601—Electronic shopping [e-shopping]
- G06Q30/0605—Supply or demand aggregation
Definitions
- the present invention relates generally to a method for auction on the Internet, and specifically to a method for auction based on cooperative buying on the Internet, wherein the auction starting price of the goods offered for sale is notified, buying offers from the purchasers who wish to make cooperatn e purchasing of the goods at a price not higher than the notified auction starting price are collected and further notified, and bidding of lower prices by the sellers triggered by the notified buying offers is allowed, whereby the cooperative purchasers are allowed to buy the goods at a low price formed by the two factors, "cooperative buying" and ''competition ' "
- a user registration is required for purchase at the Internet auction sites for which credit card information of the user, address for delivery of the goods passwords etc need to be entered
- a user ID is allocated so that the user may participate in the auction
- a screen displays detailed information on the selected article, such as the auction starting price, the steps of increasing unit bid price, the supphable quantity, the current bid price, and the time of bid closing
- auction sites which provides the so-called reverse auction Reveres auction refers to a method of auctioning in which a purchaser is predetermined and the sellers place their bids by gradually decreasing the price
- general auction refers to a method of auctioning in which a seller is predetermined and the purchasers place their bids by gradually increasing the price
- the cooperative purchasing as a kind of shopping mall has recently become popular among netizens as a new means of money-saving shopping Originating mostly from PC communication communities the cooperative purchasing methods have now developed to Internet shopping malls and many specializing in cooperative purchasing
- both the conventional auction and reverse auction have the problem that either the seller or the purchaser cannot actively participate in the transaction since one of the two parties is predetermined and the other party is supposed to determine the price one-sidedly
- the present invention conceived in view of the above demand aims to provide a method for auction based on cooperative purchasing herein the auction starting price of the goods offered for sale is notified, buying offers from the purchasers who wish to purchase the goods cooperatively at a price not higher than the notified auction starting price are collected and further notified, the sellers' bidding of lower prices triggered by the notified buying offers is allowed, whereby the goods can be afforded to cooperative purchasers at a low price determined by the two factors, "cooperative buying" and "competition"
- the present invention comprises first step of transmitting an auction web page to an Internet user who accesses the auction server, including information on the goods offered for sale at the auction, the closing time of the auction, and the auction starting price, 1 e the lowest price of the respective surveyed, second step of receiving purchase applications including the quantity to purchase from the Internet users who wish to purchase the goods at prices not higher than the auction starting price and allocating application serial numbers in the order of the applications, third step of receiving selling applications including the selling quantity and selling price from the Internet users who wish to sell the goods at a price lower than the auction starting price, and fourth step of either repeating the abo ⁇ e steps if the auction is not closed, or assigning the goods, starting from the article having the lowest bid price, to the buying applicants in the order of their application serial numbers
- FIG 1 shows a network connection in the method of auction based on the cooperative buying on the Internet according to the present invention
- Figs 2a through 2c illustrate web pages used in the method of auction based on the cooperative buying on the Internet according to an embodiment of the present invention
- Fig 3 is a flow chart showing the method of auction based on the cooperative buying according to an embodiment of the present invention
- Fig 4 is a flow chart illustrating the process of assigning the goods to the buying applicants in Fig 3 in the order of their applications
- Fig 1 shows a network connection in the method of auction based on the cooperative buying on the Internet according to the present invention
- multiple purchasers 110a- 11 On can access the auction server 130 through the Internet 120 and multiple sellers 140a ⁇ 140n can access the auction server 130 through the Internet 120 as well
- the auction server 130 surveys prices of an item in existing shopping malls, notifies in the auction web page the lowest price among the surveyed prices as the auction starting price for the item, and the closing date of the auction after the server has determined the auction closing date
- the auction server 1 0 transmits the auction web page to the purchasers 110a- 1 1 On when they access the auction server 130
- Fig 2a shows the auction web page including the names 200a, 200b 200c and images 210a, 210b, 210c of the goods for auction, the closing dates 21 1 a 21 1b, 21 1 c of the auction which indicate when each auction shall be closed the requested quantities 212a, 212b, 212c which indicate the present state of the buying offers, the selling prices/quantities 213a, 213b, 214c which show the lowest bid price placed by the seller and the available selling quantity, buttons for buying offer 214a ⁇ 214n which enable the purchasers 1 10a ⁇ 1 10n to make buying offer, buttons for selling offer 215a, 215b, 215c which enable the sellers 140a ⁇ 140n to make selling offer
- buttons 216a, 216b, 216c provided with at the selling price/quantity columns 213a, 213b, 213c are clicked, the present state of bidding such as the selling quantity and selling price of a bidder, is displayed in a row so that both the purchasers 1 10a ⁇ 1 10n and the sellers 140a ⁇ 140n can take appropriate measures by based on the selling status
- the purchasers 110a ⁇ l l On can estimate their turn based on the order of their applications, by checking the requested quantity 212a, 212b, 212c which represents the present state of the buying offers
- the purchasers 110a ⁇ 1 10n can see the selling quantities and the selling prices of the bid up to the present, by clicking the buttons 216a, 216b, 216c provided with at the selling price/quantity columns 213a, 213b, 213c
- the purchasers 110a- 11 On can then show their intention to buy the article they desire, by clicking the buttons for buying offer 214a, 214b, 214c, receiving an application form for buying offer from the auction server 130, filling in the application form, and transmitting the filled-in application back to the auction server 130
- the application form for buying offer consists of the columns for entering the passwords 220, ID 221, name 222, e-mail address 223, contact address 224, manufacturer 225, product 226, product code 227, quantity to purchase 228, and address for delivery 229
- the manufacturer, the product, and the product code are entered automatically when a button for buying a specific product 214a ⁇ 214c is clicked
- the auction server 130 allots a serial number to each of the received buying applications in the order of the application
- the allotment of the serial numbers serves for determination of assignments of the product in case the selling quantity provided by the seller at the lowest price yields to be smaller than the quantity of the applicant cooperative purchase at the close of the auction
- the available quantity at the lowest selling bid price is 50pcs while the quantity requested for the cooperative purchasing is l OOpcs
- the first 50pcs are supplied to the cooperative purchasers in the order of their applications and those who cannot be supplied with the product at the lowest selling bid price can buy the product of the sellers who have offered the next lowest selling price
- the auction server 130 notifies the current status of the purchasing in the buying applicants' bulletin boards and updates the requested quantity 212a, 212b, 212c on the auction web page
- the auction 130 transmits further the auction web page to the sellers 140a ⁇ 140n as the sellers access the auction server 130
- the auction server 130 transmits a form for selling application to the sellers 140a ⁇ 140n as the sellers offer to sell their products by clicking the buttons for selling offer 215a, 215b 21 5c and allow them to re-transmit the application form after entering of the selling quantity and the bid price
- the bid price should not be higher than the auction starting price In this way the purchasers 1 10a ⁇ 110n can buy goods at a price below the lowest price in other shopping malls
- FIG. 2c An example of the application form for selling offer is illustrated in Fig 2c This application form includes columns for entering the passwords 230, name 231 , ID 232, the product name 233, selling quantity 234, the status of the product, l e whether new or used 235, bid price 236, and others 237
- the auction server 130 notifies the current status of selling offer on the selling applicants' bulletin boards as well as in the column, selling price/quantity 213a, 213b, 213c on the auction web page
- selling price/quantity 213a, 213b, 213c column is updated to show the new conditions.
- Fig 3 is a flow chart showing the method of auction based on the cooperative buying according to an embodiment of the present invention
- the prices at the existing shopping malls are surveyed (step S 101 ) the lowest price among the surveyed prices is determined as the auction starting price (step S I 02), the auction starting price is notified on the auction web page (e g , 330 OOOwon/pc) (step S 103), and the closing time of the auction is determined and notified on the auction web page (step S I 04)
- the auction server 130 receives buying applications from the purchasers willing to make a cooperative purchase (step S I 05), allots a serial number to each of the received buying applications (step S I 06), and updates the requested quantity on the auction web page (step S I 07)
- the auction server 130 receives selling offers from the sellers (step S I 09) and notifies the selling offers in the selling price/quantity column of the auction web page (step S I 10)
- the auction server 130 checks if the auction has been closed (step S 108), repeats the steps as above if the auction is not closed, and allots the products to the purchasers according to their priorities if the auction is closed (step SI 12), and terminates the process
- Fig 4 is a flow chart the process of assigning the products (to the buying applicants) based on their buung applications as made in Fig 3
- the auction server checks if the selling quantity at the lowest bid price is greater than the purchasing quantity after close of the auction (step S201) If the selling quantity is greater than the purchasing quantity, it assigns the product at the lowest bid price to the buying applicants (step S202) and terminates the process
- step S203 If the selling quantity is smaller than the purchasing quantity the products at the lowest bid price are assigned to the buying applicants based on the priority (step S203) and checks if there remains other products which have not been assigned (step S204) If there is no such product, the process is terminated If there are such products, the quantity of the products at the lowest bid price among these unassigned products is checked (step S205)
- step S206 it is checked whether the quantity of the product at the lowest bid price is greater than the latter quantity for subsequent purchasing. If the former quantity is smaller than the latter quantity, the product at the lowest bid price are assigned to the purchasers (step S207) and the process is terminated If the former quantity is smaller than the latter quantity, the above steps are repeated, beginning from the step S203.
- the present invention discloses a method for auction wherein an auction starting price of each goods offered for sale at the auction is notified, buying offers from the purchasers who wish to make a cooperative purchasing of the goods at a price not higher than the notified auction starting price are received and further notified, lower biddings by the sellers triggered by the notified buying offers is allowed, whereby the goods can be supplied to the cooperative purchasers at a low price determined by the two factors, "cooperative buying" and "competition'
- the sellers ai e permitted to bid prices lower than the lowest price in the existing shopping malls and then linked to the purchasers in the order of the price grad beginning from the lowest bid price, wherebv the purchasers are allowed to buy the goods at a price lower than the corresponding price in the existing shopping malls and the sellers are allowed to sell the goods in large quantities owing to the cooperative purchasing
Abstract
Description
Claims
Priority Applications (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
AU52530/00A AU5253000A (en) | 1999-11-22 | 2000-06-02 | Method of auctioning based on cooperative buying in internet |
JP2001540653A JP2003515821A (en) | 1999-11-22 | 2000-06-02 | Co-purchase auction method on the Internet |
Applications Claiming Priority (2)
Application Number | Priority Date | Filing Date | Title |
---|---|---|---|
KR1999/0051933 | 1999-11-22 | ||
KR1019990051933A KR20000023939A (en) | 1999-11-22 | 1999-11-22 | Method of auctioning based on cooperative buying in internet |
Publications (1)
Publication Number | Publication Date |
---|---|
WO2001039059A1 true WO2001039059A1 (en) | 2001-05-31 |
Family
ID=19621194
Family Applications (1)
Application Number | Title | Priority Date | Filing Date |
---|---|---|---|
PCT/KR2000/000578 WO2001039059A1 (en) | 1999-11-22 | 2000-06-02 | Method of auctioning based on cooperative buying in internet |
Country Status (4)
Country | Link |
---|---|
JP (1) | JP2003515821A (en) |
KR (1) | KR20000023939A (en) |
CN (1) | CN1391679A (en) |
WO (1) | WO2001039059A1 (en) |
Cited By (10)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US8055582B2 (en) | 2003-06-26 | 2011-11-08 | Paypal Inc. | Multi currency exchanges between participants of a network-based transaction facility |
WO2012033725A2 (en) * | 2010-09-07 | 2012-03-15 | Google Inc. | Online marketplace |
US8833650B1 (en) | 2006-05-25 | 2014-09-16 | Sean I. Mcghie | Online shopping sites for redeeming loyalty points |
US8944320B1 (en) | 2006-05-25 | 2015-02-03 | Sean I. Mcghie | Conversion/transfer of non-negotiable credits to in-game funds for in-game purchases |
US9092792B2 (en) | 2002-06-10 | 2015-07-28 | Ebay Inc. | Customizing an application |
US9704174B1 (en) | 2006-05-25 | 2017-07-11 | Sean I. Mcghie | Conversion of loyalty program points to commerce partner points per terms of a mutual agreement |
US10062062B1 (en) | 2006-05-25 | 2018-08-28 | Jbshbm, Llc | Automated teller machine (ATM) providing money for loyalty points |
US10542121B2 (en) | 2006-08-23 | 2020-01-21 | Ebay Inc. | Dynamic configuration of multi-platform applications |
US10606960B2 (en) | 2001-10-11 | 2020-03-31 | Ebay Inc. | System and method to facilitate translation of communications between entities over a network |
US11244324B2 (en) | 2003-04-11 | 2022-02-08 | Ebay Inc. | Method and system to facilitate an online promotion relating to a network-based marketplace |
Families Citing this family (11)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
KR20000024038A (en) * | 2000-01-14 | 2000-05-06 | 김대진 | Method for cooperative buying with the lowest price through internet |
KR20000059196A (en) * | 2000-07-21 | 2000-10-05 | 권형택 | A method of electronic transaction |
KR20020014218A (en) * | 2000-08-17 | 2002-02-25 | 이기형 | Auction Method among Plurality of Sellers and Buyers in Internet |
KR20010016226A (en) * | 2000-11-24 | 2001-03-05 | 오정훈 | internet shopping mall buy and sell method |
KR20020023831A (en) * | 2001-12-21 | 2002-03-29 | 김재명 | Method of double acutioning in internet |
JP2006195738A (en) * | 2005-01-13 | 2006-07-27 | Mitsubishi Electric Corp | E-commerce system |
CN100471123C (en) * | 2005-03-25 | 2009-03-18 | 涂江宁 | System and apparatus for realizing bid using Internet audio telecom mobile network |
JP5221289B2 (en) * | 2008-11-11 | 2013-06-26 | 有限会社ウェイヴ | Sales apparatus, sales method, and program |
CN102915500A (en) * | 2011-08-02 | 2013-02-06 | 有才氏有限公司 | Pricing service matching system and matching method thereof |
KR101189022B1 (en) * | 2011-09-14 | 2012-10-08 | 이정갑 | Method and server of auction |
KR101658923B1 (en) | 2015-06-08 | 2016-09-22 | (주)석세스위드 | Auction-transfer type of online commodity sales system and method |
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JPH09101997A (en) * | 1995-10-06 | 1997-04-15 | Fujitsu General Ltd | Separate type multi-usage purchaser terminal |
WO1998010361A1 (en) * | 1996-09-04 | 1998-03-12 | Priceline.Com Incorporated | Conditional purchase offer management systems |
JPH11213083A (en) * | 1997-11-28 | 1999-08-06 | Internatl Business Mach Corp <Ibm> | Concentrated electronic charging device, method and storing medium |
-
1999
- 1999-11-22 KR KR1019990051933A patent/KR20000023939A/en not_active Application Discontinuation
-
2000
- 2000-06-02 WO PCT/KR2000/000578 patent/WO2001039059A1/en active Application Filing
- 2000-06-02 JP JP2001540653A patent/JP2003515821A/en active Pending
- 2000-06-02 CN CN00816058A patent/CN1391679A/en active Pending
Patent Citations (3)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
JPH09101997A (en) * | 1995-10-06 | 1997-04-15 | Fujitsu General Ltd | Separate type multi-usage purchaser terminal |
WO1998010361A1 (en) * | 1996-09-04 | 1998-03-12 | Priceline.Com Incorporated | Conditional purchase offer management systems |
JPH11213083A (en) * | 1997-11-28 | 1999-08-06 | Internatl Business Mach Corp <Ibm> | Concentrated electronic charging device, method and storing medium |
Cited By (17)
Publication number | Priority date | Publication date | Assignee | Title |
---|---|---|---|---|
US10606960B2 (en) | 2001-10-11 | 2020-03-31 | Ebay Inc. | System and method to facilitate translation of communications between entities over a network |
US9092792B2 (en) | 2002-06-10 | 2015-07-28 | Ebay Inc. | Customizing an application |
US10915946B2 (en) | 2002-06-10 | 2021-02-09 | Ebay Inc. | System, method, and medium for propagating a plurality of listings to geographically targeted websites using a single data source |
US11244324B2 (en) | 2003-04-11 | 2022-02-08 | Ebay Inc. | Method and system to facilitate an online promotion relating to a network-based marketplace |
US8249990B2 (en) | 2003-06-26 | 2012-08-21 | Paypal Inc. | Multi currency exchanges between participants of a networked-based transaction facility |
US8055582B2 (en) | 2003-06-26 | 2011-11-08 | Paypal Inc. | Multi currency exchanges between participants of a network-based transaction facility |
US10002354B2 (en) | 2003-06-26 | 2018-06-19 | Paypal, Inc. | Multi currency exchanges between participants |
US8833650B1 (en) | 2006-05-25 | 2014-09-16 | Sean I. Mcghie | Online shopping sites for redeeming loyalty points |
US8973821B1 (en) | 2006-05-25 | 2015-03-10 | Sean I. Mcghie | Conversion/transfer of non-negotiable credits to entity independent funds |
US9704174B1 (en) | 2006-05-25 | 2017-07-11 | Sean I. Mcghie | Conversion of loyalty program points to commerce partner points per terms of a mutual agreement |
US8950669B1 (en) | 2006-05-25 | 2015-02-10 | Sean I. Mcghie | Conversion of non-negotiable credits to entity independent funds |
US10062062B1 (en) | 2006-05-25 | 2018-08-28 | Jbshbm, Llc | Automated teller machine (ATM) providing money for loyalty points |
US8944320B1 (en) | 2006-05-25 | 2015-02-03 | Sean I. Mcghie | Conversion/transfer of non-negotiable credits to in-game funds for in-game purchases |
US10542121B2 (en) | 2006-08-23 | 2020-01-21 | Ebay Inc. | Dynamic configuration of multi-platform applications |
US11445037B2 (en) | 2006-08-23 | 2022-09-13 | Ebay, Inc. | Dynamic configuration of multi-platform applications |
WO2012033725A3 (en) * | 2010-09-07 | 2012-06-14 | Google Inc. | Online marketplace |
WO2012033725A2 (en) * | 2010-09-07 | 2012-03-15 | Google Inc. | Online marketplace |
Also Published As
Publication number | Publication date |
---|---|
KR20000023939A (en) | 2000-05-06 |
JP2003515821A (en) | 2003-05-07 |
CN1391679A (en) | 2003-01-15 |
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