COMPARABLE-BASED PRICING FOR NON-IDENTICAL INVENTORY

摘要

A method is provided for updating the price of an item, where a reference to the price is stored in an electronic database, the method comprising using at least one processor configured with code executing therein, a memory for storing the code and a communication to at least one database of references to inventory available for sale, wherein the processor is configured implement the steps of generating a filtering protocol using one or more pre-set pricing criteria, storing the filtering protocol in a database and retrieving pricing data for comparable inventory from an inventory exchange server. Additionally, a step filtering the retrieved pricing data using the filtering protocol and calculating a price for inventory based on the filtered dataset is performed by a suitably configured processor. A step of updating the price reference reflect the newly calculated price is also performed.