Patent ID: 6684193
Filing Date: 2004-01-27
Classification: G06Q

Abstract:
An automated method for allocating a set of resources, comprising:modeling the relationship between the set of resources and a set of refinements as a value function, wherein the set of resources are used in producing the set of refinements, each resource of the set of resources has a resource level, and the value function is one of a linear expression of the set of refinements, a polynomial expression of the set of refinements, and an exponential expression of the set of refinements; providing for an expected value function to be solved which is a statistical expectation of the value function at a given resource allocation, and for a given demand distribution of the set of refinements, wherein the demand distribution is an elliptically contoured distribution; electronically computing the statistical expectation of the value function over a subspace of demands, wherein the demands are satisfied by the resource levels given the relationships between the set of resources and the set of refinements, resource consumption is based upon a relationship between each refinement of the set of refinements and a set of supporting resources of the set of resources, and the set of supporting resources corresponds to each refinement; transforming the expected value function into a closed form expression; and allocating the set of resources using the expected value function.