Patent Document ID: 8244572
Application ID: 13285992
Patent Flag: 1

Claim One:
1. A method for determining a projected time for completion of one or more milestones associated with a security interest enforcement action in a specified jurisdiction, the method comprising: storing in a computer readable medium data representing the one or more milestones associated with the security interest enforcement action in the specified jurisdiction; projecting time durations for one or more fixed-frequency events associated with completing one or more of the milestones, the fixed-frequency events being events that will occur in a predetermined manner during completion of the one or more milestones; projecting time durations for one or more random-frequency events associated with completing one or more of the milestones, the random-frequency events being events that may or may not occur during completion of the one or more milestones; and determining, using one or more computer processors in communication with the computer readable medium, a projected completion time for the one or more milestones by applying a stochastic model that accounts for the occurrence of the one or more fixed-frequency events and the one or more random-frequency events associated with the one or more milestones, wherein applying the stochastic model to the fixed-frequency and random-frequency events comprises applying the mathematical formula: T = ∑ k ⁢ β k ⁢ Z k , ∀ k , wherein T is the projected time associated with completion of one of the one or more milestones; k is an index over the one or more fixed-frequency and random-frequency events associated with completion of the one or more milestones; β k is a duration associated with event k; for events k that are fixed-frequency events, Z k equals 1; and for events k that are random-frequency events, Z k is a measure of the frequency of occurrence of event k, such that 0≦Z k ≦1.