System and method for evaluating residual values of products

Details System and method for evaluating residual values of products System and method for evaluating residual values of products

2002-08-28

2009-06-09

Kramer, James (Department: 3693)

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

Automated electrical financial or business practice or...

Finance

C705S035000

Reexamination Certificate

active

07546273

ABSTRACT:
A method and system to evaluate residual value of leased products, comprising a learning phase and an application phase. Each phase has two steps. The first consists in analyzing lease or product main parameter while the second uses other lease conditions or product characteristics. Analysis is based on a grid wherein several specific points are determined during the learning phase. An extrapolation of these points according to the parameters during the application phase gives a first approximation of residual value, which is adjusted using lease conditions or product characteristics. During the learning phase, the system determines the relevant lease conditions or product characteristics and the associated corrections used during the application phase.

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Blanchard, J. et al. “System and Method for Evaluating Maintenance Costs of Products”, IBM Patent Application, File date to be assigned. Serial Number not available.

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