Method and apparatus for pricing a commodity
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United States of America Patent
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Nov 2, 2010
Issued Date -
N/A
app pub date -
Feb 6, 2007
filing date -
Feb 2, 2001
priority date (Note) -
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Abstract
A method of pricing a commodity involving selecting a predetermined market factor, determining at a first time period a first market condition, and providing a formula capable of comparing a predetermined market factor to a market condition to determine the existence of a favorable pricing condition. The method prices a first portion of the commodity when the application of the formula to the predetermined market factor and the first market condition indicates the existence of a first favorable pricing condition. The method prices a second portion of the commodity when the application of the formula to the predetermined market factor and a second market condition indicates the existence of a second favorable pricing condition.
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