Programmatic models

There are various programmatic models, here are four of the most common:

* Preferred deal: A non-auction model with a fixed CPM and non-guaranteed inventory.

* Programmatic guaranteed/direct: A non-auction model with a fixed CPM and guaranteed inventory.

* Private marketplace/exchange: An auction model that uses real-time bidding and price floors. It is open to an invitation-only group of buyers.

* Open exchange buy: An auction model based on real-time bidding and variable CPM. It is open to any buyer.