Rose Peng

Title: Innovations by Rose Peng: Estimating Used Vehicle Market Value

Introduction

Rose Peng is an accomplished inventor based in Canton, MI (US). She has made significant contributions to the field of automotive technology, particularly in the area of used vehicle market valuation. Her innovative approach has the potential to transform how consumers and dealers assess the value of pre-owned vehicles.

Latest Patents

Rose Peng holds a patent for a method that estimates 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 the individual differences found between the comparable vehicles and the target vehicle. Finally, a distance-weighted average of all such estimations is calculated to arrive at a market value estimation for the target vehicle. This patent showcases her ability to blend technology with practical applications in the automotive industry. She has 1 patent to her name.

Career Highlights

Rose is currently employed at Ford Global Technologies, LLC, where she continues to innovate and develop new solutions for the automotive sector. Her work at Ford has allowed her to leverage her skills and knowledge in a collaborative environment, contributing to the company's mission of advancing automotive technology.

Collaborations

Throughout her career, Rose has worked alongside talented individuals such as Jie Cheng and Yi Lu. These collaborations have enriched her experience and fostered a creative atmosphere that encourages innovation.

Conclusion

Rose Peng is a notable inventor whose work in estimating used vehicle market values exemplifies the intersection of technology and practical application. Her contributions to Ford Global Technologies, LLC, and her innovative patent reflect her commitment to advancing the automotive industry.