Invention Grant
- Patent Title: Fuel offering and purchase management system
- Patent Title (中): 燃料提供和采购管理系统
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Application No.: US11733198Application Date: 2007-04-09
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Publication No.: US08121932B2Publication Date: 2012-02-21
- Inventor: Michael Kirch , Daniel Sharfman , Saurabh H. Sanghvi
- Applicant: Michael Kirch , Daniel Sharfman , Saurabh H. Sanghvi
- Applicant Address: US NY New York
- Assignee: Goldman Sachs & Co.
- Current Assignee: Goldman Sachs & Co.
- Current Assignee Address: US NY New York
- Agency: Chadbourne & Parke LLP
- Agent John A. Squires
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
The present disclosure is directed towards apparatuses, systems and methods to facilitate the pricing, sales and delivery of a commodity fuel to a Customer. In one embodiment, the disclosure teaches a Fuel Offer Generator that facilitates the purchase and management of fuel offerings. The Fuel Offer Generator allows Customers interested in securing fuel to obtain an offer for fuel at lock-in prices for various tenors. Fuel Customers can buy these fuel offers such that they may later exercise the fuel offers so their fuel costs are locked-in at desired levels (e.g., they may be set to strike prices). The Fuel Offer Generator also can establish a Premium Price that will be part of the fuel offer. The Fuel Offer Generator may generate hedges to counteract fuel related risks stemming from fuel offer purchases. Ultimately, a customer that purchases a fuel offering can exercise their fuel offering order at a specified price and redeem any difference between the market price for their purchased fuel and the price specified in their fuel offering order. The Fuel Offer Generator employs a geographical fuel pump location metric as well as consumer redemption to establish the pricing of fuel offerings.
Public/Granted literature
- US20080249920A1 FUEL OFFERING AND PURCHASE MANAGEMENT SYSTEM Public/Granted day:2008-10-09
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