Quantitative supply and demand model based on infinite spreadsheet
Patent 6078901 Issued on June 20, 2000. Estimated Expiration Date: 
April 3, 2017. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.
April 3, 2017. Estimated Expiration Date is calculated based on simple USPTO term provisions. It does not account for terminal disclaimers, term adjustments, failure to pay maintenance fees, or other factors which might affect the term of a patent.Patent ReferencesFinancial futures game Scenario optimization Computational automation for global objectives Method of and system for generating feasible, profit maximizing requisition sets Predictive neural network means and method for selecting a portfolio of securities wherein each network has been trained using data relating to a corresponding security Method and apparatus for optimal portfolio replication Method and system for jointly estimating cash flows, simulated returns, risk measures and present values for a plurality of assets Patent #: 5812988 InventorApplicationNo. 834741 filed on 04/03/1997US Classes:705/35Finance (e.g., banking, investment or credit)ExaminersPrimary: Stamber, Eric W.Assistant: Irshadullah, M. Foreign Patent References
International ClassG06F 017/60AbstractCalculating devices for non-arbitrary price determination and rational decision making. The historical problem of value has been solved in this invention. The solution represents the first major breakthrough in social science. Value is defined as the sum total of all the future benefits and losses. An infinite spreadsheet establishes a deterministic relationship--described by an equal number of equations and unknowns--between the price and all the factors affecting the price in an expected time space extending from now to the infinite future. The infinite spreadsheet expands the current finite spreadsheet to infinity. It does not assume a resale price in the determination of the price. The current finite spreadsheet for planning and decision making should not be allowed because it hides material information, namely, the future beyond the finite time. The scientific method based on empirical verification is not always applicable in social science. In particular, the solution to price cannot be empirically verified because deterministic sets of data can never be collected when the infinite future, which will never arrive, is involved. In order to carry the calculation to infinity, the inputs are expressed as approximate time-invariant variables. Since the present price depends on the future price, the calculation is done in a time-reversed fashion. The law of supply and demand, or the general economic equilibrium analysis, emphasizes the spatial dependence of the price and has neglected the importance of the temporal consideration, which is investigated in detail in the infinite spreadsheet. A quantitative supply and demand model for multiple commodities with similar functionality and with a uniform price can be constructed by summing over the quantities whose various prices are determined individually by the infinite spreadsheet. In turn, the quantitative model can be used to obtain the inputs for the infinite spreadsheet, with which it forms a new quantitative foundation for economics and ushers in a new age of social science.Other References
Field of SearchInsurance (e.g., computer implemented system or method for writing insurance policy, processing insurance claim, etc.)Allocating resources or scheduling for an administrative function Finance (e.g., banking, investment or credit) Markable or erasable game board or piece (e.g., magic slate) | |
