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.: US13337616Application Date: 2011-12-27
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Publication No.: US08504465B2Publication Date: 2013-08-06
- Inventor: Michael Kirch , Saurabh Sanghvi , Daniel Sharfman
- Applicant: Michael Kirch , Saurabh Sanghvi , Daniel Sharfman
- Applicant Address: US NY New York
- Assignee: Goldman, Sachs & Co.
- Current Assignee: Goldman, Sachs & Co.
- Current Assignee Address: US NY New York
- Agency: Perkins Coie LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00

Abstract:
The present disclosure is directed to facilitating pricing, sales and delivery of a commodity. In one embodiment, a Fuel Offer Generator 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 may later exercise the fuel offers so their fuel costs are locked-in at desired levels 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. While the Fuel Offer Generator may place various constraints on redemption, it will employ various consumer behavior metrics to establish the pricing of fuel offerings.
Public/Granted literature
- US20120278141A1 Fuel Offering and Purchase Management Sytem Public/Granted day:2012-11-01
Information query