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:
May. 18, 2010
Filed:
May. 21, 2003
Margaret S. Trench, Scotia, NY (US);
Shane P. Pederson, Oak Park, IL (US);
Tak Wing (Edward) Lau, Needham, MA (US);
Lizhi MA, Newark, DE (US);
Hui (Stephanie) Wang, Bear, DE (US);
Suresh K. Nair, Storrs, CT (US);
Margaret S. Trench, Scotia, NY (US);
Shane P. Pederson, Oak Park, IL (US);
Tak Wing (Edward) Lau, Needham, MA (US);
Lizhi Ma, Newark, DE (US);
Hui (Stephanie) Wang, Bear, DE (US);
Suresh K. Nair, Storrs, CT (US);
JPMorgan Chase Bank, N. A., New York, NY (US);
Abstract
A method and system is disclosed for enabling the accurate determination of price points (APRs), credit limits, and other discretionary levels for each cardholder that maximize Net Present Value (NPV) for the portfolio, given constraints on quantities such as risk of default. In accordance with one embodiment, the present invention uses a Markov Decision Process (MDP) methodology to generate a simplified transition matrix representative of the potential state transitions for account holders. This model applies account level historical information on purchases, payments, profitability and delinquency risk to make these decisions. In addition, a data structure is disclosed constructed to implement a transition matrix computationally in different sizes.