The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 24, 2018
Filed:
Apr. 09, 2009
Christopher Farnham, Somerville, MA (US);
Daniel Schrage, Smoerville, MA (US);
Christopher Farnham, Somerville, MA (US);
Daniel Schrage, Smoerville, MA (US);
CHARLES RIVER ANALYTICS, INC., Cambridge, MA (US);
Abstract
An algorithm for modeling and optimizing control of a complex and dynamic system is provided to facilitate an allocation of the resources on the network that is the most efficient. The algorithm serves to depict the complex network of available resources using market-based negotiation wherein resources are defined as available buyers and sellers in an efficient market. Selling agents are offering their available resources for sale in accordance with parameters that correspond to the actual limitations of that actual resource and the buyers are looking to make a purchase from one of the sellers that presents a resource with the greatest utility to them. In order to overcome inefficiencies that result from the potential of inefficient allocation, the present invention has further endeavored to introduce an efficiency-arbitrage agent that scans the overall body of transactions to identify and remedy inefficient market transactions.