Method for optimizing net present value of a cross-selling marketing campaign
US8285577B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Jul 26, 2011 |
| Grant date | Oct 9, 2012 |
| Priority date | — |
| Expiry date | Jul 26, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention applies a novel iterative algorithm to the problem of multidimensional optimization by supplying a strict, nonlinear mathematical solution to what has traditionally been treated as a linear multidimensional problem. The process consists of randomly selecting a statistically significant sample of a prospect list, calculating the value of the utility function for each pair of an offer and selected prospects, reducing the original linear multidimensional problem to a non-linear problem with a feasible number of dimensions, solving the non-linear problem for the selected sample numerically with the desired tolerance using an iterative algorithm, and using the results to calculate an optimal set of offers in one pass for the full prospect list.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.