Method and system for multi-enterprise optimization using flexible trade contracts
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United States of America Patent
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Aug 10, 2010
Grant Date -
Feb 14, 2008
app pub date -
Oct 22, 2007
filing date -
Apr 13, 2000
priority date (Note) -
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Abstract
A method of multi-enterprise optimization at a buyer computer includes accessing a forecasted demand for at least one item and generating one or more proposed flexible trade contracts using the forecasted demand for the item. The proposed flexible trade contract is communicated to a seller computer and subsequently executed after acceptance of the proposed flexible trade contract at the seller computer to create a flexible trade contract. Each proposed flexible trade contract may be a forward contract, an option contract, or a flexible forward contract.
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