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.

Date of Patent:
Jan. 24, 2023

Filed:

Jan. 31, 2021
Applicant:

Walmart Apollo, Llc, Bentonville, AR (US);

Inventors:

Jing Lu, Burlingame, CA (US);

Changzheng Liu, Sunnyvale, CA (US);

Wei Shen, Pleasanton, CA (US);

Lu Wang, Cupertino, CA (US);

Assignee:

WALMART APOLLO, LLC, Bentonville, AR (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 30/00 (2012.01); G06Q 30/02 (2012.01); G06N 5/04 (2006.01); G06N 20/00 (2019.01);
U.S. Cl.
CPC ...
G06Q 30/0247 (2013.01); G06N 5/04 (2013.01); G06N 20/00 (2019.01); G06Q 30/0275 (2013.01);
Abstract

Systems and methods including one or more processors and one or more non-transitory storage devices storing computing instructions configured to run on the one or more processors and perform: receiving one or more objectives and one or more constraints from a user electronic device of a user; generating a combined objective using the one or more objectives; calculating, using the combined objective, a return per click for an advertisement campaign; determining one or more bids based on (a) the return per click for the advertisement campaign and (b) a return on advertising spend for the advertisement campaign; estimating, using a first predictive algorithm and the one or more bids, an average cost per click; estimating an expected number of clicks for the advertisement campaign based on the average cost per click; determining a total amount used of the one or more constraints for the one or more bids based on the expected number of clicks for the advertisement campaign; and when the total amount used of the one or more constraints for the one or more bids exceeds at least one of the one or more constraints, lowering the one or more bids. Other embodiments are disclosed herein.


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