Patent ID: 7827083
Filing Date: 2010-11-02
Classification: G06Q

Abstract:
1. A computer-implemented method of pricing a commodity comprising the steps of: (a) selecting a predetermined market factor from the group consisting of a predetermined time factor, a predetermined price factor, a predetermined trend factor, a predetermined market status factor, and a predetermined market control factor; (b) determining at a first time during a pricing period a first market condition from the group consisting of a first time condition, a first price condition, a first trend condition, a first market status condition, and a first market control condition; (c) providing a formula capable of comparing said predetermined market factor to said first market condition to determine the existence of a favorable pricing condition for a first portion of the commodity; (d) applying said formula with a computer to said predetermined market factor and said first market condition during the pricing period to determine whether or not a first favorable pricing condition exists; (e) pricing by the computer a first portion of the commodity at a market price established by a market for the commodity, when said application of said formula to said predetermined market factor and said first market condition indicates the existence of said first favorable pricing condition; (f) determining at a second time during the pricing period a second market condition selected from a second time condition, a second price condition, a second trend condition, a second market status condition and a second market control condition; (g) applying said formula with a computer to said predetermined market factor and said second market condition to determine the existence of a second favorable pricing condition; and (h) pricing by the computer a second portion of the commodity at a market price established by a market for the commodity, when said application of said formula to said predetermined market factor and said second market condition indicates the existence of said second favorable pricing condition.