FORWARD MARKETS TO INCREASE INFORMATIONAL CERTAINTY AND DECREASE RISK IN LOGISTICS

FORWARD MARKETS TO INCREASE INFORMATIONAL CERTAINTY AND DECREASE RISK IN LOGISTICS

Methods and systems including receiving a plurality of shipping bids from a plurality of shipping entities, each entity having goods to ship from locations to destinations, wherein each bid represents an option to ship goods at a shipping price, and wherein each bid comprises a plurality of shipping...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Lee, Sze Man, Pradhan, Salil Vijaykumar, Bronevetsky, Grigory, Andre, David, McAfee, Randolph Preston, Radkoff, Rebecca, Brentano, Grace Taixi, Butterfoss, Ryan, Stivoric, John Michael
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Methods and systems including receiving a plurality of shipping bids from a plurality of shipping entities, each entity having goods to ship from locations to destinations, wherein each bid represents an option to ship goods at a shipping price, and wherein each bid comprises a plurality of shipping parameters; receiving a plurality of carrier bids from a plurality of carrier entities, each entity transporting the goods, wherein each bid represents an option to transport the goods at a price, and wherein each bid comprises a plurality of carrier parameters; performing a matching process to generate a plurality of pair-wise partial matches, wherein each match associates a shipping and carrier bid at a modified price, wherein the modified price is based on a deviation between the parameters; providing information representing the matches to the shipping and carrier entities; and generating training data representing which matches were exercised.