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. 14, 2026
Filed:
Aug. 09, 2023
Jpmorgan Chase Bank, N.a., New York, NY (US);
Sihan Zeng, Atlanta, GA (US);
Parisa Hassanzadeh, San Jose, CA (US);
Eleonora Kreacic, London, GB;
Sumitra Ganesh, Short Hills, NJ (US);
JPMORGAN CHASE BANK, N.A., New York, NY (US);
Abstract
A system and a method for allocating limited resources to agents that reveal their stochastic demands on arrival over a finite horizon in a proportionally fair manner that exhausts available resource budgets are provided. The allocation of limited resources includes receiving a request for a resource for which a predetermined maximum amount of the resource is available for allocation during a predetermined time interval, and estimating a number of future requests expected to be received and amounts of the resource to be requested within the predetermined time interval. The initial estimates are then adjusted by calculating a standard deviation of an uncertainty of at least one future request, and an amount of the resource to allocated to a resource requesting entity is determined by applying an algorithm with respect to the adjusted estimates and the predetermined maximum available amount of the resources.