Innervated stochastic controller for real time business decision-making support
US7395252B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Feb 8, 2006 |
| Grant date | Jul 1, 2008 |
| Priority date | — |
| Expiry date | Feb 8, 2026 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/10
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
An Innervated Stochastic Controller optimizes business decision-making under uncertainty through time. The Innervated Stochastic Controller uses a unified reinforcement learning algorithm to treat multiple interconnected operational levels of a business process in a unified manner. The Innervated Stochastic Controller generates actions that are optimized with respect to both financial profitability and engineering efficiency at all levels of the business process. The Innervated Stochastic Controller can be configured to evaluate real options. In one embodiment of the invention, the Innervated Stochastic Controller is configured to generate actions that are martingales. In another embodiment of the invention, the Innervated Stochastic Controller is configured as a computer-based learning system for training power grid operators to respond to grid exigencies.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.