Methods and apparatus for simulating competitive bidding yield

US7096197B2 · kind B2 · utility

Assignee

• GE Capital Commercial Finance, Inc. · US

Inventors

• Richard Paul Messmer · Rexford, US
• Marc Thomas Edgar · Glenmont, US
• James Louis Cifarelli · Schenectady, US
• Kunter Seref Akbay · Niskayuna, US
• Christopher Donald Johnson · Clifton Park, US

Key dates

• Filing date: Dec 14, 2000
• Grant date: Aug 22, 2006
• Expiry date: May 15, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method of valuation of groups of assets by partial full underwriting, partial sample underwriting and inferred values of the remainder using an iterative and adaptive statistical evaluation of all assets. Statistical inferences drawn from the evaluation are applied to generate the inferred values. The assets are collected into a database, catagorized, subdivided by ratings as to those variables and then rated individually. The assets are then regrouped according to a bidding grouping and a collective valuation is established. Simulated bid scenarios are examined for combinations of bid prices and a best bid price according to risk and return is determined.