Currency-time line transaction system and method

Rather than the traditional methods of bilateral costing, namely either fixed pricing or an auction type environment, this unique method allows both the buyer and seller to have an influence over the price of the products or service being exchanged in the transaction, while also factoring and contro...

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Bibliographic Details
Main Authors HERZOG-DENU URSULA, MANSTEIN RALF
Format Patent
LanguageEnglish
Published 20.11.2007
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Summary:Rather than the traditional methods of bilateral costing, namely either fixed pricing or an auction type environment, this unique method allows both the buyer and seller to have an influence over the price of the products or service being exchanged in the transaction, while also factoring and controlling the time the product or service is available to potential buyers into the sale price. The potential buyer makes a value offer which may include a price offer or time offer. Where the buyer makes a value offer, they are offering to purchase a time unit in order to purchase the product, wherein the remaining time in reduced according to the amount of time units purchased and the current price is raised according to the price of the time units. Price offers and time offers are interdependent. A time offer entry will show the corresponding price on the currency axis (currency can be anything that can be exchanged at a value) and a price offer entry will show the corresponding time on the time axis.
Bibliography:Application Number: US20030748856