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:
Jun. 14, 2022
Filed:
Dec. 07, 2020
The Boston Consulting Group, Inc., Boston, MA (US);
Muhammad Arjumand Masood, Cambridge, MA (US);
Arun Karthik Ravindran, Somerville, MA (US);
THE BOSTON CONSULTING GROUP, INC., Boston, MA (US);
Abstract
Methods and Systems for using reinforcement learning to optimize promotions. A promotion can be offered to a customer for a prepaid calling card using a reinforcement learning model with a sensitivity parameter. The reinforcement learning model can estimate a time period during which the customer will purchase the prepaid calling card. The customer's reaction to the promotion can be observed. A reward or a penalty can be collected based on the customer's reaction. The reinforcement learning model can be adapted based on the reward or the penalty to optimize the timing of the promotion by estimating a new time period during which the customer will purchase the prepaid calling card. The reward proxy and/or the penalty proxy can comprise frequency of usage.