Location History:
- Ann Arbor, MI (US) (2001)
- Plymouth, MI (US) (2009 - 2011)
Company Filing History:
2 out of 25,946 
1 out of 1 Years Active: 2001-2011
Title: Innovations by Jie Cheng
Introduction
Jie Cheng is an accomplished inventor based in Plymouth, MI (US). He holds a total of 3 patents that showcase his innovative contributions to the field. His work primarily focuses on methods and systems that enhance market value estimations and optimize auction processes.
Latest Patents
One of Jie Cheng's latest patents is a method for estimating a used vehicle's market value. This method involves searching for a set of comparable vehicles in an existing historical database of used vehicles. The estimations of the used vehicles are established based on each comparable vehicle by adjusting their resale value according to individual differences. A distance-weighted average of all such estimations is calculated to arrive at a market value estimation for the target vehicle.
Another significant patent is an optimized auction commodity distribution system, method, and computer program product. This invention provides a distribution plan that instructs source sites on how to distribute commodity products among target sites. It takes into account various factors that influence auction prices, such as economic conditions and auction site capacities. The invention aims to generate an optimized distribution plan that maximizes potential profits for commodity products sold at auction.
Career Highlights
Jie Cheng has worked with notable companies, including Ford Global Technologies, LLC and Power Information Network, LLC. His experience in these organizations has contributed to his expertise in developing innovative solutions in the automotive and auction industries.
Collaborations
Throughout his career, Jie Cheng has collaborated with talented individuals such as Rose Peng and Yi Lu. These collaborations have likely enriched his work and led to further advancements in his inventions.
Conclusion
Jie Cheng's innovative patents and career achievements reflect his significant contributions to the fields of vehicle market valuation and auction optimization. His work continues to influence the industry and showcases the importance of innovation in enhancing market processes.