US Patent Issued to TATA CONSULTANCY SERVICES on Jan. 27 for "Equilibrium solution for periodic double auctions to generate optimal bidding strategies for energy market" (Indian Inventors)

ALEXANDRIA, Va., Jan. 28 -- United States Patent no. 12,536,581, issued on Jan. 27, was assigned to TATA CONSULTANCY SERVICES Ltd. (Mumbai, India).

"Equilibrium solution for periodic double auctions to generate optimal bidding strategies for energy market" was invented by Easwara Naga Subramanian (Hyderabad, India) and Bharat Basavaraj Manvi (Hyderabad, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "Periodic double auction (PDA) setting is where buyers of the auction have multiple (but finite) opportunities to procure multiple but fixed units of commodity. The goal of each buyer participating in such auctions is to reduce their cost of procurement by planning purchase across multiple rounds of the PDA....