Real-Time Bidding (RTB) eCPM Ranking is the unifying mathematical standard across digital advertising exchanges that standardizes heterogeneous advertiser bidding models into expected revenue per thousand impressions (eCPM):
1) CPM Bidding:
eCPM=bidCPM;
2) CPC Bidding (pay-per-click):
eCPM=1000×pCTR×bidCPC;
3) CPA / oCPM Bidding (optimized target CPA):
eCPM=1000×pCTR×pCVR×bidCPA;
The RTB engine sorts all targeted ads in descending order of eCPM; the top-scoring ad wins the impression auction and is billed according to the prevailing auction pricing mechanism.