Brenda V Swatek

US Patent:

8600847, Dec 3, 2013

Filed:

Aug 24, 2012

Appl. No.:

13/594759

Inventors:

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

Assignee:

International Business Machines Corporation - Armonk NY

International Classification:

G06Q 40/00

US Classification:

705 30, 705 41, 705 80, 705 35, 705 38, 379 34, 709224

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.