ALEXANDRIA, Va., July 16 -- United States Patent no. 12,361,345, issued on July 15, was assigned to Verizon Patent and Licensing Inc. (Basking Ridge, N.J.).
"System and method for clustered pricing for task price estimates" was invented by Lokesh Ramamoorthy (Chennai, India), Ebenezer Bardhan (Chennai, India) and Goutham Kumar Chikoti (Hyderabad, India).
According to the abstract* released by the U.S. Patent & Trademark Office: "The present teaching relates to method, system, medium, and implementations for job pricing. When receiving information about a new task of a job type, a mixture model representing historic job completion data and including multiple cluster-based models is used to predict job pricing. The multiple cluster-based mo...