METHODS AND APPARATUS FOR BID OPTIMIZATION AND INVENTORY SCORING
Methods for bid optimization and inventory scoring are provided. The method comprises receiving a definition of a success event associated with a campaign that has a set of campaign parameters. The method also comprises calculating an impact estimate for a performance measure of the success event. The impact estimate is calculated based on a set of auction parameters and a set of historical data associated with a browser. The method further comprises defining a bidding function based on the impact estimate, a set of characteristics of the browser, and the set of campaign parameters. The method also comprises calculating, after calculating the impact estimate and defining the bidding function, a bid value using the bidding function. The method also comprises sending a signal having the bid value to a real-time bidding exchange.
1 . A method, comprising:
receiving a definition of a success event associated with a campaign that has a plurality of campaign parameters;
calculating an impact estimate for a performance measure of the success event based on a plurality of auction parameters and a plurality of historical data associated with a browser, the plurality of historical data excluding data for advertisements previously accessed by the browser;
defining a bidding function based on the impact estimate, a plurality of characteristics of the browser, and the plurality of campaign parameters;
calculating, after the calculating the impact estimate and the defining the bidding function, a bid value using the bidding function; and
sending a signal having the bid value to a real-time bidding exchange.
2 . The method of claim 1 , wherein the bidding function is based on at least one of (1) an expected value of an auction associated with the campaign, (2) a product of a base bid value associated with the auction and a relative value of the auction, (3) a step function on the relative value of the auction, or (4) a monotonic transformation of an opportunity of the auction.
3 . The method of claim 1 , wherein:
the campaign is associated with a brand;
the success event is at least one of (1) a click at a user device on an advertisement associated with the brand, (2) an online purchase associated with the brand at a user device, (3) a visit to a website associated with the brand at a user device, or (4) an action associated with the brand and at a user device on which an impression associated with the brand was displayed.
4 . The method of claim 1 , wherein:
the campaign is associated with a brand;
the plurality of characteristics of the browser include information representing a bid request submitted by the browser before calculating the impact estimate and associated with the brand, and information representing an action associated with the browser and associated with the brand.
5 . The method of claim 1 , wherein:
the campaign is associated with a brand;
the plurality of characteristics of the browser include information representing an impression displayed at the browser before calculating the impact estimate and associated with the brand, and information representing an action associated with the browser and associated with the brand.
6 . The method of claim 1 , wherein:
the campaign is associated with a brand;
the success event is a visit to an interaction site associated with the brand, the bid value is based on a ratio of (1) a probability of the success event given the browser and an auction inventory and (2) an expected probability of the success event given the browser divided for auction inventories,
the probability of the success event and the expected probability of the success event each being based on information representing auctions before calculating the impact estimate and information representing visits to a website associated with the brand.
7 . A method, comprising:
sending, to a browser, monitor information configured to record a plurality of events associated with the browser and a plurality of interaction sites;
receiving monitor information associated with the browser and based on the monitor information;
associating the browser with a segment from a plurality of segments based on the monitor information;
calculating an impact estimate for a performance measure based on a plurality of auction parameters and the segment and not based on data for advertisements previously accessed by the browser;
defining a bidding function based on the impact estimate, the segment, and a plurality of campaign parameters;
calculating, after the calculating the impact estimate and the defining the bidding function, a bid value using the bidding function; and
sending a signal having the bid value to a real-time bidding exchange.
8 . The method of claim 7 , wherein the bidding function is based on at least one of (1) an expected value of an auction associated with the campaign, (2) a product of a base bid value associated with the auction and a relative value of the auction, (3) a step function on the relative value of the auction, or (4) a monotonic transformation of an opportunity of the auction.
9 . The method of claim 7 , wherein:
the campaign is associated with a brand;
an event from the plurality of events is at least one of (1) a click at a user device on an advertisement associated with the brand, (2) an online purchase associated with the brand at a user device, (3) a visit to a website associated with the brand at a user device, or (4) an action associated with the brand and at a user device on which an impression associated with the brand was displayed.
10 . The method of claim 1 , wherein:
the campaign is associated with a brand;
an event from the plurality of events is a visit to an interaction site associated with the brand, the bid value is based on a ratio of (1) a probability of the event given the browser and an auction inventory and (2) an expected probability of the event given the browser divided for auction inventories,
the probability of the event and the expected probability of the s event each being based on information representing auctions before calculating the impact estimate and information representing visits to a website associated with the brand.
11 . A method, comprising:
calculating an impact estimate for a performance measure of a success event associated with a campaign based on a plurality of parameters of an auction for the campaign and a plurality of historical data associated with a browser, the plurality of historical data excluding data for advertisements accessed by the browser;
defining a bidding function based on the impact estimate, a plurality of characteristics of the browser, and a plurality of parameters associated with the campaign;
calculating, after the calculating the impact estimate and the defining the bidding function, a bid value using the bidding function based on the plurality of parameters associated with the campaign and a value of inventory for the auction; and
sending a signal having the bid value such that the bid value is submitted to a real-time bidding exchange executing the auction.
12 . The method of claim 11 , wherein the bidding function is based on at least one of (1) an expected value of an auction associated with the campaign, (2) a product of a base bid value associated with the auction and a relative value of the auction, (3) a step function on the relative value of the auction, or (4) a monotonic transformation of an opportunity of the auction.
13 . The method of claim 11 , wherein:
the campaign is associated with a brand;
the success event is at least one of (1) a click at a user device on an advertisement associated with the brand, (2) an online purchase associated with the brand at a user device, (3) a visit to a website associated with the brand at a user device, or (4) an action associated with the brand and at a user device on which an impression associated with the brand was displayed.
14 . The method of claim 11 , wherein:
the campaign is associated with a brand;
the plurality of characteristics of the browser include information representing a bid request submitted by the browser before calculating the impact estimate and associated with the brand, and information representing an action associated with the browser and associated with the brand.
15 . The method of claim 11 , wherein:
the campaign is associated with a brand;
the plurality of characteristics of the browser include information representing an impression displayed at the browser before calculating the impact estimate and associated with the brand, and information representing an action associated with the browser and associated with the brand.
16 . The method of claim 11 , wherein:
the campaign is associated with a brand;
the success event is a visit to an interaction site associated with the brand, the bid value is based on a ratio of (1) a probability of the success event given the browser and an auction inventory and (2) an expected probability of the success event given the browser divided for auction inventories,
the probability of the success event and the expected probability of the success event each being based on information representing auctions before calculating the impact estimate and information representing visits to a website associated with the brand.