System and method for evaluating residual values of products
US7546273B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Aug 28, 2002 |
| Grant date | Jun 9, 2009 |
| Priority date | — |
| Expiry date | Jun 6, 2025 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/06
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and system to evaluate residual value of leased products, comprising a learning phase and an application phase. Each phase has two steps. The first consists in analyzing lease or product main parameter while the second uses other lease conditions or product characteristics. Analysis is based on a grid wherein several specific points are determined during the learning phase. An extrapolation of these points according to the parameters during the application phase gives a first approximation of residual value, which is adjusted using lease conditions or product characteristics. During the learning phase, the system determines the relevant lease conditions or product characteristics and the associated corrections used during the application phase.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.