System and method of cognitive risk management

US12147925B1 · kind B1 · utility

Assignee

• Blue Yonder Group, Inc. · US

Inventors

• Devanand R · Kanchinakote, IN
• Narayan Nandeda · Ujjain, IN
• Tushar Shekhar · Bengaluru, IN
• Vidhi Chugh · Kanchinakote, IN
• Manish Kumar · Frisco, US
• Deb Mohanty · Kanchinakote, IN

Key dates

• Filing date: Feb 3, 2021
• Grant date: Nov 19, 2024
• Expiry date: Nov 4, 2041

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q10/087
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A system and method for a risk management visualization system having a computer comprising a processor and memory and configured to model a supply chain network as a supply chain planning problem, one or more key process indicators (KPIs) of the supply chain planning problem is based, at least in part, on the one or more input variables, model an impact on the one or more KPIs from each of the one or more input variables at a selected confidence interval using a Bayesian optimization process comprising an exploration phase and a learning phase, and display a visualization of the risk profile for the one or more KPIs, the visualization indicating a probability that an actual KPI value differs from a predicted KPI value.