System and method for generating optimal bill/payment schedule

US8180691B2 · kind B2 · utility

Assignee

• International Business Machines Corporation · US

Inventors

• Rong Zeng Cao · Beijing, CN
• Wei Ding · Beijing, CN
• Shun Jiang · Beijing, CN
• Juhnyoung Lee · Yorktown Heights, US
• Gregory C. Morris · Wirraminna, AU
• Chunhua Tian · Beijing, CN

Key dates

• Filing date: May 12, 2011
• Grant date: May 15, 2012
• Expiry date: May 12, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/00
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method and system for generating bill payment schedule utilizes a composite pricing module to generate payment schedule over a predetermined period of time. In one aspect, a fraction of each pricing model attributing to the composite pricing model is determined. A charge fee associated with said each pricing model based on said fraction and said total price to charge is determined. Price to charge during each time unit of the time period is allocated, based on budget over the time period, discount rate, target profit margin and risk affordance. Bill schedule is generated using the allocated price.