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:
Dec. 22, 2009
Filed:
Aug. 04, 2003
Jie Cheng, Plymouth, MI (US);
Jie Du, Bloomfield Hills, MI (US);
Wei Fan, Westland, MI (US);
Power Information Network, LLC, Westlake Village, CA (US);
Abstract
A commodity product distribution plan is used to instruct source sites as to how commodity products are to be distributed among target sites. Where the commodity products are to be sold at auction, a wide range of auction prices can be expected due to mixed models, model years, commodity attributes such as color or optional features, economic conditions, and the auction site location itself. Additional factors that contribute to realized auction prices include depreciation and interest rate costs as well as constraints on shipments and auction site capacities. The present invention provides forecast auction prices for the commodity products, taking these various factors into consideration. In this way, an optimized distribution planned aimed at maximizing the potential profit for the commodity products to be sold at auction is generated.