Patent ID: 8032422

Claim:
A method of transacting sales over a computerized network, the method comprising the steps of: defining a first product desired to be purchased by a plurality of first purchasers; calculating, by a pricing engine in a computerized system, a first commitment price; producing a plurality of first database records, each corresponding to a correlation between the first product and a respective one of the first purchasers; storing the plurality of first database records in a database memory; identifying a time rate at which the plurality of first database records are accumulated in the database memory during performance of said step of storing; further producing a further plurality of first database records, each corresponding to a correlation between the first product and a respective one of a plurality of second purchasers; calculating a first offer price based on the first commitment price, the quantity of first database records, and the time rate identified in said step of identifying; issuing an offer to a vendor for the purchasers to purchase the first product at the calculated first offer price in a quantity responsive to a number of first database records; and consummating a transaction between the vendor and the first and second purchasers.