Automated decision-making arrangement

Details Automated decision-making arrangement Automated decision-making arrangement

1992-03-16

1998-03-24

Weinhardt, Robert A.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

705 2, 705 35, 395 51, G06F 1760

Patent

active

057323976

ABSTRACT:
An automated system for use in decision-making, comprises input, output processing and storage capabilities. The storage and processing portions of the system include a number of components which receive information and data specific to a selected topic of decision-making. The components perform data collection, screening and decision-making functions. The system compares received data to previously stored data and identifies received data which does and does not correspond to the previously stored data. If the data does correspond, the system implements a first decision operation. If the received data does not correspond, the system determines the nature and degree of such non-correspondence, and implements a decision operation which is reflective of the nature and degree of the non-correspondence. If the nature and degree of non-correspondence cannot be determined, additional data pertaining to the selected topic is requested and compared to the previously stored data in an iterative manner. Discrepancies existing between corresponding elements of data are identified. The system also identifies a plurality of alternative options for the first and second decision operations, each of which may alternatively be selected to form at least a part of the decision operation. Data relating to the decision operations implemented are stored and compared to subsequently received data relating to outcomes. The system may be modified based on this comparison.

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