Method and apparatus for generating and evaluating ideas in an organization
US8341068B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Dec 15, 2008 |
| Grant date | Dec 25, 2012 |
| Priority date | — |
| Expiry date | Jan 19, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/04
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention discloses a method and apparatus for generating and evaluating ideas within an organization through an idea market. It includes an automatic price-setting mechanism that modifies the share-price at the same instant that a trade is made, yet without the assistance of a market maker or a queue of orders. The instant price-setting is achieved by assuming a pre-defined relationship between the quantity of shares in the order and the average share price for that order. This relationship is the price-quantity function. The present invention also includes a mechanism of weighted parameters to modify the share-price in addition to pure supply and demand. The parameters can be adjusted over time in a neural network to optimize the relationship between the share price and the prediction of the actual idea value.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.