Word: algorithm
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Dates: during 2000-2000
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...January 1999, at the first meeting of the council's Student Affairs Committee, Gusmorino and Shumsky independently introduced the idea of selling textbooks on-line. They wanted to write a computer algorithm that could compare prices from a number of different on-line book vendors, factoring in shipping costs, taxes and speed of delivery to help students find the cheapest price...
After entering their choices, Gusmorino's algorithm does its work, taking into account shipping costs and tax to offer students the lowest possible price...
Gusmorino, who coded the site's algorithm, says UC Books is on the "cutting edge" of on-line book buying...
...That's the main thing that people are skeptical about," Tseng said. "We have a new algorithm that adds on the shipping costs, [which] differ depending on the amount of books...