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. 01, 2014
Filed:
May. 02, 2011
Scott H. Mathews, Seattle, WA (US);
Jacomo Corbo, Philadelphia, PA (US);
Scott H. Mathews, Seattle, WA (US);
Jacomo Corbo, Philadelphia, PA (US);
The Boeing Company, Chicago, IL (US);
Abstract
A system is provided that includes a plurality of modules. The system includes modules configured to determine a present value distribution of contingent positive utility attributable to commitment resources to an asset at a subsequent time, and a present value of a contingent negative utility required to make the resource commitment or deviate from a resource commitment to a known alternative asset. The modules are configured to determine the distribution of contingent positive utility based upon first parameters that reflect risk in the positive utility, and determine the contingent negative utility based upon second parameters that reflect risk in the negative utility. The system also includes a module configured to determine a value of an option to commit the resources based on the distribution of contingent positive utility and the contingent negative utility.