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  • US 20090319389A1
  • Filed: 06/23/2008
  • Published: 12/24/2009
  • Est. Priority Date: 06/23/2008
  • Status: Active Grant
First Claim
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1. A computer-implemented method, comprising:

  • determining a future spot price for an item, the future spot price being an estimated price that is required for settlement in a spot market at a future time;

    determining a time value factor that defines a time dependent value of acquiring the item prior to the item being offered in the spot market at the future time; and

    determining a reservation price for the item at a current time based on the future spot price and the time value factor, the reservation price converging to the future spot price as the current time approaches the future time.

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