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. 15, 1992
Filed:
Aug. 15, 1989
Ron S Dembo, Toronto, Ontario, CA;
Other;
Abstract
A method and apparatus are provided for optimally allocating available resources in a physical system defined by a mathematical model having parameters of uncertain values. The method comprises the steps of firstly assigning a value to each of the uncertain parameters in the mathematical model based on a scenario that may or is expected to occur. Thereafter, given the parameter values at each possible scenario, the mathematical model is solved to yield the best solution of the mathematical model for that scenario. Once this has been complete, a probability value representing the expected probability that the scenario will occur is assigned to each scenario solution. The scenario parameter values, scenario solutions and scenario probabilities are then used to determine a single solution to the mathematical model which best 'fits' the desired system behavior under the uncertainty defined by all of the scenarios considered. The single solution is then used to allocate the resources in the system. The present method is particularly useful in modelling a target portfolio from a number of other financial instruments.