This inventor holds 2 USPTO granted patents. Top assignee: Siebel Systems, Inc.. Active years: 2003-2008.
Company Filing History:
Years Active: 2003-2008
Title: Michael Tsunghsi Yu: Innovator in Dynamic Pricing and Process Modeling
Introduction
Michael Tsunghsi Yu is a notable inventor based in San Jose, CA. He has made significant contributions to the fields of dynamic pricing systems and process modeling. With a total of 2 patents, Yu's work has had a considerable impact on how businesses manage pricing and process efficiency.
Latest Patents
Yu's latest patents include a dynamic pricing system and method. This innovative system allows for the dynamic adjustment of prices for sellable objects based on various pricing factors related to the attributes of those objects. Product administrators can define sellable products and their extended attributes, while pricing administrators can create price lists for these products. Sales representatives can then build sellable objects, such as quotes and shopping carts, by adding desired products. The system also allows for the selection of extended attributes, enabling a more tailored pricing approach.
Another significant patent by Yu is the state models for monitoring processes. This system provides a method for preparing, using, and displaying a state model of a process, whether industrial or business-related. The state model outlines the behavior of logical objects within a process model, defining permitted states and transitions. Users can create these models by selecting templates and defining state transitions, which are then associated with specific rules. This state machine execution engine is crucial for processing business models effectively.
Career Highlights
Michael Tsunghsi Yu has worked at Siebel Systems, Inc., where he has been able to apply his innovative ideas in real-world applications. His contributions have helped shape the way businesses approach pricing and process management.
Collaborations
Yu has collaborated with notable coworkers, including Jai-Jein Yu and Karen Hsu. Their teamwork has likely contributed to the successful development of Yu's patents and innovations.
Conclusion
Michael Tsunghsi Yu is a distinguished inventor whose work in dynamic pricing and process modeling continues to influence the business landscape. His patents reflect a deep understanding of market needs and technological advancements.