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. 03, 2013
Filed:
Aug. 24, 2012
Diane J. Gherson, Ridgefield, CT (US);
Nickle J. Lamoreaux, Brewster, NY (US);
Richard Patterson, Ridgefield, CT (US);
Carla Grant-pickens, Upper Marlboro, MD (US);
Anshul Sheopuri, White Plains, NY (US);
Thomas A. Stachura, Wheaton, IL (US);
Maheswaran Surendra, Croton-on-Hudson, NY (US);
Brenda Swatek, Wappingers Falls, NY (US);
Maria Tarsia, Fishkill, NY (US);
Diane J. Gherson, Ridgefield, CT (US);
Nickle J. LaMoreaux, Brewster, NY (US);
Richard Patterson, Ridgefield, CT (US);
Carla Grant-Pickens, Upper Marlboro, MD (US);
Anshul Sheopuri, White Plains, NY (US);
Thomas A. Stachura, Wheaton, IL (US);
Maheswaran Surendra, Croton-on-Hudson, NY (US);
Brenda Swatek, Wappingers Falls, NY (US);
Maria Tarsia, Fishkill, NY (US);
International Business Machines Corporation, Armonk, NY (US);
Abstract
In an economic relationship between a first party and a plurality of second parties in connection with provision of at least one of goods and services for a fee, costs incurred by the first party, in connection with a loss of at least some of the second parties to the relationship, are estimated. A response curve of second party loss probability versus fee is also estimated. An optimal value of a modification to the fee is determined, such that profits of the first party are maximized, taking into account the costs incurred by the first party in connection with the loss of the at least some of the second parties and the response curve of the second party loss probability versus the fee. At least one action to take in response to the determining of the optimal value is determined.