US20140156352A1 - Analytical Tool - Google Patents

Abstract

An exemplary method for determining a singular impact of a base criterion includes selecting the base criterion and a trade criterion from a plurality of criteria and selecting a starting alternative and a target alternative. A series of virtual alternatives are then created, initially based on the starting alternative, by sequentially eliminating an impact of each non-selected criteria from the plurality of criteria. A final virtual alternative is compared to the target alternative and the singular impact of the base criterion is determined based on a difference between the final virtual alternative and the target alternative.

Description

CROSS REFERENCE TO RELATED APPLICATIONS
• This application is a continuation application of U.S. patent application Ser. No. 10/981,988, filed Nov. 4, 2004. This application is related to U.S. Pat. No. 6,714,929 and U.S. patent application Ser. No. 09/962,708 both of which are incorporated herein by reference.
DESCRIPTION OF THE RELATED ART
• There are numerous data analysis techniques that are employed by organizations to determine various items such as customer needs, preferences and tradeoffs. These techniques include business intelligence, data mining, marketing analytics and knowledge management/reporting tools. Typically these techniques are based on historical data and therefore are typically inadequate in predicting behavior on new products or markets where historical data is not available.
• Specifically, these techniques are most likely not capable of predicting how much a customer is willing to pay for a feature or product, to tradeoff certain features, forecast the impact of a change in a product and predicting which feature would most enhance a product.
• It should be understood that there is a distinction between the cost of an option and the perceived value to a consumer of having that option. For example, it may cost a certain amount of money to a manufacturer to include an option on a product. The figure that a consumer is willing to pay for that option is different and is difficult to determine. Similarly, a consumer may place a premium on a certain grouping of options. Determining that optimal combination can be difficult as well.
• In view of the foregoing, it may be useful to provide methods and systems that analyze a singular impact of a tradeoff or a singular impact of a group of tradeoffs.
SUMMARY OF EMBODIMENTS OF THE INVENTION
• The present invention is described and illustrated in conjunction with systems, apparatuses and methods of varying scope which are meant to be exemplary and illustrative, not limiting in scope.
• A method for determining a singular impact of a base criterion, in accordance with an exemplary embodiment, includes selecting the base criterion and a trade criterion from a plurality of criteria and selecting a starting alternative and a target alternative. A series of virtual alternatives are then created, initially based on the starting alternative, by sequentially eliminating an impact of each non-selected criteria from the plurality of criteria. A final virtual alternative is compared to the target alternative and the singular impact of the base criterion is determined based on a difference between the final virtual alternative and the target alternative.
• A method for determining a singular impact of a base criterion, in accordance with another exemplary embodiment, includes selecting the base criterion and a trade criterion from a plurality of criteria. A starting alternative and a target alternative are also selected and a series of virtual alternatives are created, initially based on the starting alternative, by sequentially eliminating an impact of each non-selected criteria from the plurality of criteria. A virtual alternative of the series of virtual alternatives is compared to the target alternative wherein the virtual alternative only differs from the target alternative by a value of the base criterion. The singular impact of the base criterion is then determined based on a difference between the final virtual alternative and the target alternative.
• A method for determining a singular impact of a base criterion, in accordance with yet another exemplary embodiment, includes selecting the base criterion and a trade criterion from “N” criteria. A starting alternative and a target alternative are also selected and “N−2” sequential virtual alternatives are created, initially based on the starting alternative, by sequentially eliminating an impact of each non-selected criteria from the “N” criteria. A virtual alternative of the series of virtual alternatives is compared to the target alternative wherein the virtual alternative only differs from the target alternative by a value of the base criterion. The singular impact of the base criterion is then determined based on a difference between the final virtual alternative and the target alternative.
• A method for analyzing an impact of a desired singular tradeoff for a population of users, in accordance with yet another exemplary embodiment, includes selecting the desired singular tradeoff from the population of users and collecting a plurality of singular tradeoffs in a sequential fashion from the population of users. The plurality of tradeoffs are then processed and analyzed to determine the impact of the desired singular tradeoff.
• A system for determining a singular impact of a base criterion, in accordance with another exemplary embodiment, includes a singular tradeoff engine that accepts a weighted ordered list and operative to determine a singular impact of a base criterion by creating virtual alternatives based on the weighted ordered list. Also included is a function subroutine engine that accepts parametric values from the singular tradeoff engine and operative to develop a new value to the singular tradeoff engine.
• A method for determining a value a consumer places on a desired product component, in accordance with an exemplary embodiment, includes providing a first product without the desired product component and a second product with the desired product component. A series of simulated products are then created, initially based on the first product, by sequentially eliminating an impact of each non-desired product component. A final simulated product is compared to the second product; and the value is determined based on a difference between the final simulated product and the second product.
• A method for determining a value a consumer places on a desired product component, in accordance with an exemplary embodiment, includes providing a first product that does not contain the desired product component and a second product that does contain the desired product component. A series of simulated products are then created, initially based on the first product, by sequentially eliminating an impact of one or more product components that are not the desired product component. A final simulated product is compared to the second product; and the value is determined based on a difference between the final simulated product and the second product.
• In addition to the aspects and embodiments of the present invention described in this summary, further aspects and embodiments of the invention will become apparent by reference to the drawings and by reading the detailed description that follows.
BRIEF DESCRIPTION OF THE DRAWINGS
• FIG. 1 is a screen shot of a web page allowing for the adjustment of weights;
• FIG. 2 is a chart illustrating a processed utilized by an analytical tool, in accordance with an exemplary embodiment;
• FIG. 3 is a flowchart illustrating a process of an analytical tool for determining a singular impact of a tradeoff, in accordance with an embodiment of the present invention;
• FIG. 4A is a flowchart illustrating a process for analyzing an individual singular tradeoff for a population of users, in accordance with an exemplary embodiment;
• FIG. 4B is a flowchart illustrating a process for storing an individual tradeoff for each attribute, in accordance with an exemplary embodiment; and
• FIG. 5 is a block diagram of an analytical tool system, in accordance with an exemplary embodiment;
• FIG. 6 is a block diagram of an exemplary embodiment of a network; and
• FIG. 7 is a block diagram of an exemplary embodiment of a computer.
DETAILED DESCRIPTION
• An aspect of the present invention contemplates a variety of methods, systems and data structures for determining a singular impact of a tradeoff or criterion. An analysis systematically eliminates the effect of individual non-changed criteria in order to see what happens if a particular criteria is modified. What results is the individual or singular impact of adjusting that particular criterion. Other aspects are also within the scope of the present invention. In terms of this disclosure, “singular” can refer to either one item or to a group of items that are linked in some manner. Additionally, “singular” can also refer to a subcomponent of any economic unit that is capable of being sold.
• FIG. 1 is a screen shot of a web page allowing for the adjustment of weights. InFIG. 1, aweight adjustment interface92 lists a number of properties including aspace property94, aperformance property96, asafety property98, agas mileage property100, amaintenance cost property102, acomfort property104, and aprice property106. Associated with each of these properties is a “slider bar”112 including a diamond shaped indicator110 (in this example) which can be adjusted in position along the length of the slider bar, as will be appreciated by those skilled in the art. In a typical interface, apointer108 controlled, for example, by a pointing device of a computer system (pointing device and computer not shown), is used to engage anindicator110 and to drag to a desired position between the “not important” and the “very important” ends of theslider bar112. The making and use of slider bars is well known to those skilled in the art. The position of theindicator110 along theslider bar112 is translated into a numeric output, typically a normalized value between zero and one, which is the weight for the criterion.
• In practice, the user input is processed as indicated by thearrow114 to provide an ordered or rankedlist116 which reflects the preferences of the user. As can be seen in the illustration ofFIG. 1, the Ford Focus ZX3 coupe had the best overall score and was ranked #1 based upon the weighted preferences that were input in the weight adjustment section of screen shot90. This was followed by the Ford EscapeTWD Sport Utility 4D, which was ranked #2, the Ford TaurusSE V6 Wagon 4D, ranked at #3, etc.
• FIG. 2 is a chart illustrating a processed utilized by an analytical tool, in accordance with an exemplary embodiment.Chart1020 shows two alternatives from a list ranked according to the weights shown inrow1018. Included inchart1020 androw1018 are a plurality of criteria/tradeoffs that include price, horsepower (HP), mileage (MPG) and safety. The analytic tool calculates singular tradeoffs between two criteria by progressively eliminating the contributions of all other criteria. This elimination process is carried out through generation of intermediate “equivalent” alternatives.FIG. 2 shows two such,1022 and1024, used to eliminate the contribution of the safety and mileage criteria, respectively.
• In a hypothetical situation, a Ford motor company would like to determine how much a consumer is willing to pay per horsepower to go from 210 h.p. (the Honda's) to 260 h.p. (the Ford's). Again, it should be understood that the value the consumer is willing to pay per h.p. increase is being determined and not the actual cost to the manufacturer to for the increase. To determine this perceived value, Ford compares their model to the Honda model that already has the desired feature—the increased H.P. The algorithm first marks the Honda as thetarget alternative1026 and the Ford as the starting alternative1028. Then, the starting alternative1028 is converted to the modifiedvirtual alternative1024, through virtual alternative1022, so that virtual alternative1024 differs from the target alternative1026 only in price and horsepower. One can then obtain the price that the consumer is willing to pay per additional horsepower from a ratio between the price difference and the horsepower difference foralternatives1026 and1024. This price is referred to in this document as the singular impact of a tradeoff. The elimination process will be explained in more detail, subsequently.
• It is important to note that, although the algorithm is typically used for price/feature singular impact tradeoff calculations, it is completely generic, and can apply just as well to situations where a tradeoff between two features is desired (for example, horsepower versus mileage). The inputs to the algorithm are as follows:
• • The criterion to be marked as the base criterion; in the example ofFIG. 2, this is the horsepower.
  • The criterion to be marked as the trade criterion; in the example ofFIG. 2, this is the price.
  • The starting alternative; in the example ofFIG. 2, this is the Ford (1028).
  • The target alternative; in the example ofFIG. 2, this is the Honda (1026).
• Given this set of input directives, the algorithm modifies the values of criteria in the starting alternative so that they match the values in the target alternative. The value for the base criterion is left unmodified, and that for the trade criterion is changed depending on the new values of other criteria, as described later. The end result is a virtual alternative that differs from the target in just the values of the base and trade criteria.
• It should be further noted that the target alternative is usually the preferred choice while the starting alternative is the less preferred choice. It should also be further noted that the trade, in the preceding example, is the price which takes the form of a unit of currency. However, the criteria marked as the trade and the base can be any criteria related to a product that can be adjusted or added on. With that in mind, it is quite clear that, while the preceding example uses automobile related criteria, any economic unit capable of being sold that has subcomponents can be substituted.
• Some further embodiments can take the form of, but are certainly not limited to, a consumer electronics manufacturer that is planning a new digital camera model, whose target price has been fixed by market considerations within a restricted range. In this situation, the interesting information is not how much real currency end users would be willing to pay for this or that feature, but rather how much of a feature they are willing to forego in order to get more of another. The algorithms effectively convert one of the two features into a virtual unit of currency, which is then exchanged for the other feature. In the case of the digital camera, the designers may want to determine the tradeoff between the lens quality and the digitization speed of the sensor. Depending on how much quality the end user is willing to give up for the ability to take consecutive pictures as quickly as possible, the answer will suggest whether to include more expensive optics, or put more money into a larger acquisition buffer.
• Yet another embodiment could be a cable broadcast company that wants to introduce a new package that contains strong parental control features. In this case, the economic unit is not a hard good, but rather a soft service. Assuming that, just as for the digital camera, the price has been fixed by market considerations, then the interesting information is how the added parental control features stack up against, say, the width and breadth of the channel offering. In other words, how much “channel selection dollars” are end users willing to “pay” in order to have those new parental control features? The various algorithms employed in this disclosure can answer such questions.
• The process of eliminating the impact of each criterion will now be explained.FIG. 3 is a flowchart illustrating aprocess118 of an analytical tool for determining a singular impact of a tradeoff, in accordance with an exemplary embodiment. The process begins at120 and in anoperation122, the base and trade criteria are selected out of the N available criteria. In the preceding example, the base criterion is the horsepower, the trade criterion the price, and N is equal to 4 (for price, horsepower, mileage, and safety). In anoperation124, the starting virtual alternative and the target alternative are selected; in the preceding example, the starting virtual alternative is the Ford, and the target alternative the Honda. Aniterative loop126 is then commenced with a counter beginning at 0, incrementing by 1, and looping as long as it is smaller than N; this counter is also an index into the array of criteria. Next, in anoperation128 it is decided if the counter corresponds to the index of the base or tradeoff criteria; if it is, then the rest of the loop body is skipped and control is passed back tooperation126. If the counter corresponds to neither the base nor the trade criterion, thenoperations130 and132 are executed to generate a new virtual alternative.
• Operation130 analyzes the current values for the target and virtual alternatives, and, in this example, applies a customizable, and possibly criterion-specific, algorithm to change the value of the base criterion to account for the fact thatoperation132 sets the value of the current criterion in the virtual alternative to be the same as in the target alternative. Therefore, the twooperations130 and132 generate a virtual alternative where the value of the current criterion is identical to the corresponding one in the target alternative, and the value of the base criterion has been adjusted to account for the change in the current criterion.Operations130 and132 eliminate the impact of the current criterion from the alternative.
• Finally, it can be appreciated that, by looping through, the impact of each criterion is eliminated until just the impact of the trade criterion is left and is finally calculated atoperation134 by dividing the difference between the values of the base criteria for the target and final virtual alternatives by the difference between the values of the trade criteria for the same alternatives.Process118 then ends atoperation136.
• The algorithm implemented byoperation130 has access to the current execution context ofloop138; this context includes, but is not limited to, the target alternative, the current virtual alternative, the base and trade criteria, and the current criterion as identified by the loop counter. In addition,process118 has been provided with a list ofoperation130 algorithms associated with the various criteria. Examples of such algorithms follow, using the setting ofFIG. 3; note that this is by necessity not a complete list, since the algorithms applied inoperation130 may be highly dependent on the specific setting (for example, they may be highly dependent on the semantics of the trade and base criteria).
• So, since the base and trade criteria are price and HP, respectively,operation130 calculates the change in price that would correspond to change the mileage from 15 (the Ford's value) to 18 (the Honda's), or the safety from 4 stars (the Ford's) to 5 stars (the Honda's). As was discussed earlier,operation130 may implement varied algorithms, of various complexities, tailored to each criterion's semantics. A simple algorithm may use singular impact of tradeoff values that were obtained via other means, such as focus groups or user surveys. For example, an organization may have already established that the typical end user is willing to pay up to $500 for a sunroof, and can use that information to eliminate the contribution of a sunroof when generating automobile-related virtual alternatives. Another algorithm may estimate the tradeoff value as a percentage of the cost of providing the given feature: for example, a digital camera manufacturer knows the additional price of producing a model with a 4 megapixel instead a 3 megapixel sensor, and estimates a user's tradeoff value to be 125% of that cost. Finally, complex algorithms may use information like the end-user's tradeoff preferences (the weights used for the ranking) to estimate the percentage of a total price difference to allocate to the adjustment for a specific criterion.
• FIG. 4A and 4B illustrate various, exemplary, but not limiting implementations ofprocess138.FIG. 4A is a flowchart illustrating aprocess138A for analyzing a singular tradeoff from a population of users, in accordance with an exemplary embodiment. After astart operation1040, the desired singular tradeoff and target user population are selected inoperations1042 and1044, respectively; the population will contain Nusers. Theloop operation1046 sets a counter to 0, increases it by 1 with each iteration, and exits when the counter is greater than, or equal to, N. The individual singular tradeoff for user i is collected, in accordance with an embodiment of the present invention, and stored for later processing inoperation1048. This operation embeds the analytic engine described inFIG. 3. Once all singular tradeoffs have been collected, they are processed as a group, for example by calculating the average, or with other statistical techniques, inoperation1052. Finally, the processed singular tradeoffs are used for analysis inoperation1054. Theprocess138A is then completed atoperation1056.
• FIG. 4B is a flowchart illustrating aprocess138B for storing an individual singular tradeoff for a set of attributes, in accordance an exemplary embodiment. After astart operation1060,operation1062 selects M from N possible attributes for calculation of singular tradeoffs. Theloop operation1064 sets a counter to 0, increases it by 1 with each iteration, and exits when the counter is greater than, or equal to,N. Operation1066 checks if the criterion at counter i is one of the M selected criteria. If so,operation1068 calculates the singular tradeoff, in accordance with an embodiment of the present invention, and stores for use byoperation1070; otherwise, control is returned tooperation1064. When all criteria have been processed,operation1070 performs the desired analyses on the collection of singular tradeoffs.Operation1072 then endsprocess138A.
• FIG. 5 is a block diagram of an analytical tool system160, in accordance with an exemplary embodiment. Included in system160 is asingular tradeoff engine162 and a function subroutine engine164.Singular tradeoff engine162 accepts as input a weighted ordered list and produces a singular tradeoff in conjunction with function subroutine engine164. This occurs by exchanging parametric values from thesingular tradeoff engine162 to the function subroutine164. In response, thefunction subroutine engine162 sends a new value to thesingular tradeoff engine162. The system160, for example, can be implemented on a computer system using software to perform processes such as those described above. Alternatively, the system160 can be implemented in hardware, software or any combination thereof. The engines160 and164 can operate on any principle including digital, analog and other computing modalities.
• The following description ofFIGS. 6-7 is intended to provide an overview of computer hardware and other operating components suitable for performing the methods of the invention described above, but is not intended to limit the applicable environments. Similarly, the computer hardware and other operating components may be suitable as part of the apparatuses of the invention described above. The invention can be practiced with other computer system configurations, including hand-held devices, multiprocessor systems, microprocessor-based or programmable consumer electronics, network PCs, minicomputers, mainframe computers, and the like. The invention can also be practiced in distributed computing environments where tasks are performed by remote processing devices that are linked through a communications network.
• FIG. 6 is a block diagram of an exemplary embodiment of anetwork705, such as the Internet. The term “Internet” as used herein refers to a network of networks which uses certain protocols, such as the TCP/IP protocol, and possibly other protocols such as the hypertext transfer protocol (HTTP) for hypertext markup language (HTML) documents that make up the World Wide Web (web). The physical connections of the Internet and the protocols and communication procedures of the Internet are well known to those of skill in the art.
• ) Access to theInternet705 is typically provided by Internet service providers (ISP), such as theISPs710 and715. Users on client systems, such asclient computer systems730,740,750, and760 obtain access to the Internet through the Internet service providers, such asISPs710 and715. Access to the Internet allows users of the client computer systems to exchange information, receive and send e-mails, and view documents, such as documents which have been prepared in the HTML format. These documents are often provided by web servers, such asweb server720 which is considered to be “on” the Internet. Often these web servers are provided by the ISPs, such asISP710, although a computer system can be set up and connected to the Internet without that system also being an ISP.
• Theweb server720 is typically at least one computer system which operates as a server computer system and is configured to operate with the protocols of the World Wide Web and is coupled to the Internet. Optionally, theweb server720 can be part of an ISP which provides access to the Internet for client systems. Theweb server720 is shown coupled to theserver computer system725 which itself is coupled toweb content795, which can be considered a form of a media database. While twocomputer systems720 and725 are shown inFIG. 6, theweb server system720 and theserver computer system725 can be one computer system having different software components providing the web server functionality and the server functionality provided by theserver computer system725 which will be described further below.
• Client computer systems730,740,750, and760 can each, with the appropriate web browsing software, view HTML pages provided by theweb server720. TheISP710 provides Internet connectivity to theclient computer system730 through themodem interface735 which can be considered part of theclient computer system730. The client computer system can be a personal computer system, a network computer, a Web TV system, or other such computer system.
• Similarly, theISP715 provides Internet connectivity forclient systems740,750, and760, although as shown inFIG. 6, the connections are not the same for these three computer systems.Client computer system740 is coupled through a modem interface745 whileclient computer systems750 and760 are part of a LAN. WhileFIG. 6 shows theinterfaces735 and745 as generically as a “modem,” each of these interfaces can be an analog modem, ISDN modem, cable modem, satellite transmission interface (e.g. “Direct PC”), or other interfaces for coupling a computer system to other computer systems.
• Client computer systems750 and760 may be coupled to aLAN770 throughnetwork interfaces755 and765, which can be Ethernet network or other network interfaces. TheLAN770 is also coupled to agateway computer system775 which can provide firewall and other Internet related services for the local area network. Thisgateway computer system775 is coupled to theISP715 to provide Internet connectivity to theclient computer systems750 and760. Thegateway computer system775 can be a conventional server computer system. Also, theweb server system720 can be a conventional server computer system.
• Alternatively, aserver computer system780 can be directly coupled to theLAN770 through anetwork interface785 to providefiles790 and other services to theclients750,760, without the need to connect to the Internet through thegateway system775.
• FIG. 7 is a block diagram of an exemplary embodiment of a computer that can be used as a client computer system or a server computer system or as a web server system. Such a computer system can be used to perform many of the functions of an Internet service provider, such asISP710. Thecomputer system800 interfaces to external systems through the modem ornetwork interface820. It will be appreciated that the modem ornetwork interface820 can be considered to be part of thecomputer system800. Thisinterface820 can be an analog modem, ISDN modem, cable modem, token ring interface, satellite transmission interface (e.g. “Direct PC”), or other interfaces for coupling a computer system to other computersystems.
• Thecomputer system800 includes aprocessor810, which can be a conventional microprocessor such as an Intel Pentium microprocessor or Motorola Power PC microprocessor.Memory840 is coupled to theprocessor810 by a bus870.Memory840 can be dynamic random access memory (DRAM) and can also include static RAM (SRAM). The bus870 couples theprocessor810 to thememory840, also tonon-volatile storage850, to displaycontroller830, and to the input/output (I/O)controller860.
• Thedisplay controller830 controls in the conventional manner a display on adisplay device835 which can be a cathode ray tube (CRT) or liquid crystal display (LCD). The input/output devices855 can include a keyboard, disk drives, printers, a scanner, and other input and output devices, including a mouse or other pointing device. Thedisplay controller830 and the I/O controller860 can be implemented with conventional well known technology. A digitalimage input device865 can be a digital camera which is coupled to an I/O controller860 in order to allow images from the digital camera to be input into thecomputer system800.
• Thenon-volatile storage850 is often a magnetic hard disk, an optical disk, or another form of storage for large amounts of data. Some of this data is often written, by a direct memory access process, intomemory840 during execution of software in thecomputer system800. One of skill in the art will immediately recognize that the terms “machine-readable medium” or “computer-readable medium” includes any type of storage device that is accessible by theprocessor810 and also encompasses a carrier wave that encodes a data signal.
• Thecomputer system800 is one example of many possible computer systems which have different architectures. For example, personal computers based on an Intel microprocessor often have multiple buses, one of which can be an input/output (I/O) bus for the peripherals and one that directly connects theprocessor810 and the memory840 (often referred to as a memory bus). The buses are connected together through bridge components that perform any necessary translation due to differing bus protocols.
• Network computers are another type of computer system that can be used with the present invention. Network computers do not usually include a hard disk or other mass storage, and the executable programs are loaded from a network connection into thememory840 for execution by theprocessor810. A Web TV system, which is known in the art, is also considered to be a computer system according to this embodiment, but it may lack some of the features shown inFIG. 6, such as certain input or output devices. A typical computer system will usually include at least a processor, memory, and a bus coupling the memory to the processor.
• In addition, thecomputer system800 is controlled by operating system software which includes a file management system, such as a disk operating system, which is part of the operating system software. One example of an operating system software with its associated file management system software is the family of operating systems known as Windows® from Microsoft Corporation of Redmond, Wash., and their associated file management systems. Another example of an operating system software with its associated file management system software is the LINUX operating system and its associated file management system. The file management system is typically stored in thenon-volatile storage850 and causes theprocessor810 to execute the various acts required by the operating system to input and output data and to store data in memory, including storing files on thenon-volatile storage850.
• Some portions of the detailed description are presented in terms of algorithms and symbolic representations of operations on data bits within a computer memory. These algorithmic descriptions and representations are the means used by those skilled in the data processing arts to most effectively convey the substance of their work to others skilled in the art. An algorithm is here, and generally, conceived to be a self-consistent sequence of operations leading to a desired result. The operations are those requiring physical manipulations of physical quantities. Usually, though not necessarily, these quantities take the form of electrical or magnetic signals capable of being stored, transferred, combined, compared, and otherwise manipulated. It has proven convenient at times, principally for reasons of common usage, to refer to these signals as bits, values, elements, symbols, characters, terms, numbers, or the like.
• It should be borne in mind, however, that all of these and similar terms are to be associated with the appropriate physical quantities and are merely convenient labels applied to these quantities. Unless specifically stated otherwise as apparent from the following discussion, it is appreciated that throughout the description, discussions utilizing terms such as “processing” or “computing” or “calculating” or “determining” or “displaying” or the like, refer to the action and processes of a computer system, or similar typically electronic computing device, that manipulates and transforms data represented as physical (electronic) quantities within the computer system's registers and memories into other data similarly represented as physical quantities within the computer system memories or registers or other such information storage, transmission or display devices.
• Some embodiments also relate to apparatus for performing the operations herein. This apparatus may be specially constructed for the required purposes, or it may comprise a general purpose computer selectively activated or reconfigured by a computer program stored in the computer. Such a computer program may be stored (embodied) in a computer (machine) readable storage medium, such as, but is not limited to, any type of disk including floppy disks, optical disks, CD-ROMs, and magnetic-optical disks, read-only memories (ROMs), random access memories (RAMs), EPROMs, EEPROMs, magnetic or optical cards, or any type of media suitable for storing electronic instructions, and each coupled to a computer system bus.
• The algorithms and displays presented herein are not inherently related to any particular computer or other apparatus. Various general purpose systems may be used with programs in accordance with the teachings herein, or it may prove convenient to construct more specialized apparatus to perform the required method steps. The required structure for a variety of these systems will appear from the description below. In addition, the present invention is not described with reference to any particular programming language, and various embodiments may thus be implemented using a variety of programming languages.
• While this invention has been described in terms of certain embodiments, it will be appreciated by those skilled in the art that certain modifications, permutations and equivalents thereof are within the inventive scope of the present invention. It is therefore intended that the following appended claims include all such modifications, permutations and equivalents as fall within the true spirit and scope of the present invention.

Claims (8)

What is claimed is:

1. A method for analyzing an impact of a desired singular tradeoff for a population of users comprising:

selecting the desired singular tradeoff from the population of users;

collecting a plurality of singular tradeoffs in a sequential fashion from the population of users;

processing the plurality of singular tradeoffs; analyzing the plurality of singular tradeoffs; and

determining the impact of the desired singular tradeoff based on the analyzed plurality of tradeoffs.

2. The method as recited inclaim 1 wherein the desired singular tradeoff comprises two or more subcomponents.

3. The method as recited inclaim 1 wherein the plurality of singular tradeoffs are subcomponents of an economic unit capable of being sold.

4. The method as recited inclaim 3 wherein the economic unit is a plurality of economic units comprising the population of users.

5. The method as recited inclaim 1 wherein the impact of the desired singular tradeoff is a unit of currency per the desired singular tradeoff.

6. A computer implemented method for generating a price of an item or a feature based on user preference comprising:

receiving at a server a request for pricing;

receiving an identification of an item or a feature for which pricing is desired;

receiving at least a first preference for the identified item or feature; and

generating in response a price for the identified item or feature.

7. A method as set forth inclaim 6 wherein the price is generated in real time.

8. A computer implemented method for generating a price of an item or a feature based on user preference comprising:

receiving at a server a request for pricing;

receiving an identification of an item or a feature for which pricing is desired;

retrieving situational environment information relevant to pricing; and

generating the price based on the identification and the situational environment information.

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