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:
Sep. 27, 2022
Filed:
Oct. 31, 2019
Apttus Corporation, San Mateo, CA (US);
Kirk G. Krappé, Menlo Park, CA (US);
Neehar Giri, Saratoga, CA (US);
Man Chan, San Jose, CA (US);
Isabelle Chai, San Mateo, CA (US);
Rahul Choudhry, Sunnyvale, CA (US);
Kitae Kim, London, GB;
Stanley Poon, Los Altos, CA (US);
Brian Li, Fremont, CA (US);
Geeta Deodhar, Foster City, CA (US);
Elliott Yama, Danville, CA (US);
Apttus Corporation, San Mateo, CA (US);
Abstract
The present disclosure describes a system, method, and computer program for real-time and computationally efficient calculation of a recommended value range for a quote variable, such as price, discount, volume, or closing time. The system uses the highest-density interval (HDI) of probability density function (PDF) as a recommended or suggested value range for a quote variable. PDFs for the quote variable are precomputed for groups of related inputs, and each PDF is summarized as an array of discrete points. A dimension reduction technique is applied to the PDF inputs in both the training and real-time (non-training) phases to reduce the number of possible combinations of PDFs. During a quote-creation process, a PDF look-up table enables the system to efficiently identify an applicable PDF from the group of precomputed PDFs based on reduced input values.