Systems and methods for optimizing advertising spending using a user influenced advertisement policy
US10672035B1 · kind B1 · utility
Assignee
Inventor
Key dates
| Filing date | Mar 15, 2013 |
| Grant date | Jun 2, 2020 |
| Priority date | — |
| Expiry date | Jul 21, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0277
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems and methods are disclosed for generating an optimized bid value for an advertisement relating to a product. In one implementation, a computerized-method is provided for receiving information about online activity by a plurality of users, the information including a user ID associated with each of the plurality of users. The method may also include extracting a feature set corresponding to purchasing users, the purchasing users being a subset of the plurality of users who have purchased the product. The method may further include generating a model that represents the extracted feature sets of the purchasing users, based on the extracted data, calculating a reward function according to the generated model, and generating an optimized bid value for the advertisement according to the calculated reward function, the optimized bid value representing the difference between a value of displaying the advertisement, and a value of not displaying the advertisement.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.