MUMBAI, India, Sept. 26 -- Intellectual Property India has published a patent application (202411020514 A) filed by Bennett University, Greater Noida, Uttar Pradesh, on March 19, 2024, for 'intelligent system for automated auction rescheduling.'
Inventor(s) include Prof. Ajith Abraham; and Prof. Tapas Badal.
The application for the patent was published on Sept. 26, under issue no. 39/2025.
According to the abstract released by the Intellectual Property India: "The present disclosure provides an intelligent system for automated auction rescheduling. The system comprises an availability analysis unit configured to evaluate the availability of potential bidders. It also includes an item preference analysis unit that determines the item preferences of potential bidders. A market conditions analysis unit evaluates market conditions impacting auction results. Based on these evaluations, a rescheduling unit automatically reschedules auctions to optimize bidder participation and auction success. The system may further consider the time zones of bidders, watched items, and wish lists in its analysis. A method for automated auction rescheduling is also provided, involving evaluating bidder availability, item preferences, and market conditions, and subsequently rescheduling auctions based on these evaluations."
Disclaimer: Curated by HT Syndication.
