METHODS AND SYSTEMS FOR REVERSE AUCTIONS AND RESOURCE POOLING FOR PERVASIVE APPLICATIONS
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United States of America Patent
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Dec 18, 2015
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Dec 18, 2014
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Reverse auction methods and systems are disclosed herein and include fast multi-round auction methods and services to pervasive mobile applications, supporting mobile users in a location sensitive environment. A buyer agent, on behalf of a buyer, may generate a reverse auction request and then monitor auction rounds of an auction initiated based on the request. The buyer agent may terminate the reverse auction upon the auction reaching a maximal round or terminal condition, or executing an optimization policy. The optimization policy may include local optimization. The local optimization may be based on the location of a buyer and seller in a small cell network (SCN). A seller agent may calculate a bidding price based on a seller's acceptable price range and an available time window. The seller agent may determine a time to stop bidding based on bidding price rules. An auction service may select N sellers for each buyer.
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