Price optimization with robust learning constraint
US8260655B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 2, 2010 |
| Grant date | Sep 4, 2012 |
| Priority date | — |
| Expiry date | Oct 7, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0201
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A valuation optimization method includes generating offeree decision information (buyer decision information, by way of illustrative example) by presenting a sequence of mechanisms to a sequence of offerees wherein the mechanisms comprise menus of transaction offers (sale offer menus, by way of illustrative example). Actual transactions (sale transactions, by way of illustrative example) are conducted responsive to acceptances of transaction offers by buyers. At a selected time in the generating, an offeree valuation distribution belief and the current mechanism are updated optimize an offeree's utility. The offeree's utility comprises an offeree's utility function constrained by a robust learning constraint computed based on a local differential of an earlier offeree's utility function with respect to the earlier offeree's valuation.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.