Structured products based enterprise management system

• US 20050144033A1
• Filed: 12/29/2004
• Published: 06/30/2005
• Est. Priority Date: 12/30/2003
• Status: Abandoned Application

• Current Assignee: Rational Systems LLC
• Original Assignee: Rational Systems LLC
• Inventors: Vreeke, Mark Simon, Kapadia, Viren Harshad
• Application Number:
  US11/025,162
• Publication Number:
  US 20050144033A1
• Time in Patent Office: Days
• US Class Current: 705/8
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 10/083 Shipping

Abstract

The field of invention is in Information Technology based management systems for the natural gas, data communications, electricity, medical, government supply chain and vehicle markets. The disclosed system manages core commercial activities and business for companies in these industries. These systems are specifically designed to not only handle complex transactions but to also allow the same system to be used across all core business functions, including: marketing, sales, contracting, production, delivery, business optimization and financial settlement.

Claims

1. A process where business functions and or operations such as but not limited to contracts, transactions, services, logistics operations and or settlement are decomposed into Rights which are further composed of a collection of parameters and an optional code block which directs the system how to process the Right.

2. A process of claim 1 where the sequence of business functions and or operations from forecasting to contracting to operations to invoicing is represented in terms of Rights.

3. A process of claim 1 where Rights can represent the granting of specific Rights to suppliers and or customers and the receipt of specific Rights from suppliers and or customers to express complex contracts and or services and or recurring business agreements.

4. A process of claim 1 where the Rights define and or model business agreements in terms of embedded options that exist for suppliers and or customers and or sellers.

5. A process of claim 1 where the elemental components can have attached functions for recurrence and or pricing and or tiering and or scheduling.

6. A process of claim 1 where Rights can be reassembled to model complex services.

7. The expression of the process in claim 1 in a digital fashion which allows large numbers of Rights to be managed and processed.

8. A software system based on Rights where the Rights are specified by a list of parameters and values.

9. The software system of claim 8 which includes a function for the definition of Rights.

10. The software system of claim 8 where Rights include an element of code, which specifies how the Right is processed by the system.

11. The software system of claim 8 where the Rights are represented as objects, with parameters and behaviors, which allow the Right to function independently.

12. The software system of claim 8 where the Rights are defined with sufficient granularity to eliminate the summation of business details within an individual Right.

13. The software system of claim 8 where the Rights are expressed as options with a demand and a commodity aspect which allows for differentiation of the owning of the Right and the exercise of the Right respectively.

14. The software system of claim 8 where a Right has an associated status such as projected, available, purchased or exercised.

15. The software system of claim 8 that has the ability to dynamically modify Right operation by addition of input and/or output parameters, controlled by a logic engine.

16. The software system of claim 8 where Rights have parameters that define pricing.

17. The software system of claim 8 where Rights can have one or more non-tiered, tiered, nested tier and tier dependent parameters in any combination.

18. The software system of claim 8 where Rights can have tier-able parameters that allow a Right to have one or more tiers.

19. The software system of claim 8 where Rights can have priority parameters which allow the order for operation or exercise of Rights to be specified.

20. The software system of claim 8 where Rights can have state based parameters the values of which can be modified by the exercise or use of the Right and or by a recurrence pattern and or by a formulation based on parameter values.

21. The software system of claim 8 where the generic business functions represented by Rights and the workflows and or business processes interacting with Rights encompass the entire business value chain and or life cycle in the system.

22. The software system of claim 8 which has a Right specifically for scheduling (notification).

23. The software system of claim 8 which has a Right specifically for transformation (production).

24. The software system of claim 8 which has a Right specifically for transportation (distribution).

25. The software system of claim 8 which has a Right specifically for storage (banking).

26. The software system of claim 8 which has a Right specifically for valuation (pricing).

27. A software system incorporating Rights where the Rights are specified by a list of parameters and values where the Rights represent generic business functions and can be independently assembled to configure services.

28. The software system of claim 27 where the generic business functions represented by Rights and workflows or business processes interacting with Rights encompass the entire business value chain or life cycle in the system.

29. The software system of claim 27 where the assembly of Rights is accomplished via a hierarchical structure.

30. The software system of claim 27 where the assembly of Rights into a hierarchy includes the prioritization of the Rights.

31. The software system of claim 27 where a particular business function can be configured to execute a subset of Rights.

32. A software system incorporating Rights in which a Right can have associated one or more ancillary objects or parameter groups that enables the system to provide a pricing or valuation function.

33. A software system of claim 32 where the pricing is modeled after financial options, where the existence of the Right is priced separately from the exercise of the Right.

34. A software system of claim 32 where the exercise of the Right and/or the existence of the Right is charged based on the value(s) of parameters of the Right at either definition or exercise.

35. A software system of claim 32 where the exercise of individual Rights and the associated charges can happen at different times through the value chain and or business life cycle of the transaction and or contract and or service.

36. A software system of claim 32 where the pricing can be a formulaic expression or a function of Right parameters.

37. A software system of claim 32 where the pricing can be constrained by minimum or maximum values.

38. A software system of claim 32 where the pricing is modeled after a financial swap.

39. A software system of claim 32 where the pricing object or parameter group can have incremental or knockout tiers.

40. A software system incorporating Rights in which each Right can have associated one or more ancillary objects or parameter groups that enables the system to provide a tiering function within the Rights and or a hierarchy of Rights.

41. A system of claim 40 in which Rights can have tier-able parameters, structured such that a Right can have multiple tiers and or nested tiers.

42. A system of claim 40 in which the tiers can be modeled as incremental or knockout.

43. A system of claim 40 in which Rights can be assembled at multiple levels of hierarchy.

44. A system of claim 40 where Rights are assembled in a hierarchy with priority in the hierarchy.

45. A system of claim 40 where the objects or parameter groups can inherit the hierarchy and/or tier structures of the Right.

46. A software system incorporating Rights in which each Right can have associated one or more ancillary objects or parameter groups that enables the system to provide a prioritization or scheduling function.

47. A system of claim 46 in which the associated scheduling object is assigned a base value and a value upon exercise.

48. A system of claim 46 where the incremental scheduling or priority value is based upon one or more parameter values.

49. A system of claim 46 where the prioritization or scheduling object inherits the hierarchy and tiers of the Right.

50. A system of claim 46 where the prioritization or scheduling value is based upon the previous exercise of the Right and or the exercise of one or more other Rights.

51. A software system incorporating Rights in which each Right can have associated one or more ancillary objects or parameter groups that enables the system to provide a time interval and optionally a recurrence pattern for the Right.

52. A system of claim 51 where the system handles a series of transactions involving multiple events over different times with different parameters.

53. A system of claim 51 where the system handles a series of transactions where the Right contains one or more state based parameters that are modified by the exercise or use of the Right or by a recurrence pattern or by a formulaic expression of previous or existing parameter values.

54. A software system that provides for the creation of configurable services through the combination of one or more Rights.

55. A software system of claim 54 in which a configuration language for Rights allows for user configuration.

56. A software system of claim 54 that utilizes the exposed parameters of Rights along with hierarchies and/or tiers to enable the configuration of complex services.

57. A software system of claim 54 that utilizes the exposed parameters of Rights along with a logic engine to enable the configuration of complex services.

58. A software system of claim 54 where structure can be created through the configuration of logic between Rights.

59. A software system of claim 54 where specific Rights can be configured to be utilized and or exercised during specific business functions and or processes and or transactions.

60. A software system of claim 54 where structure can be created through the use of a number map scheme that effectuates an algorithm.

61. A software system of claim 54 where a natural language macro language is embedded within the systematic process enabling business users to define and or extend the behavior of Rights and or Services and or Contracts or an aggregation or configuration of Rights and or Services and or Contracts.

62. A software system of claim 54 where mapping schemes are used to populate the Rights from a set of input parameters.

63. A software system of claim 54 where mapping schemes are used to populate the Rights from a set of input parameters where the input or modification of the parameter value can be constrained based upon the security level of a particular user of the system.

64. A software system that processes Rights to accomplish business functions or services which specifically include business agreements and or the core business processes used to support the business agreements.

65. A system of claim 64 that is configurable to define and manage the value chain process.

66. A system of claim 64 where the Rights are contained in a service.

67. A system of claim 64 that allows the expression of the business functions or services in terms of Rights allowing for the tracking, monitoring, and the optimization of underlying physical assets.

68. A system of claim 64 that allows for the summation of one or more parameters.

69. A system of claim 64 that handles a series of transactions involving multiple events over different times with different parameters.

70. A system of claim 64 where the Rights contain all the necessary information to support the processing and or use of the Right.

71. A system of claim 64 that integrates a portfolio management system that allows users to view an aggregate position of the Rights sold and or underlying parameters.

72. A system of claim 64 that allows the tracking and or the monitoring and or the optimization of one or more physical assets.

73. A system of claim 64 that limits the use of Rights according to different roles including possibly roles of customers and or consumer and or merchant and or service provider.

74. A system of claim 64 that allows for the disassembly of services into atomistic Rights or groups of Rights and the subsequent sale or resale of a fraction of the original service.

75. A system of claim 64 that uses a mapping process to take individual billing or pricing components and map them into the individual Rights using a formulaic method.

76. A system of claim 64 where specific Rights can be configured to be utilized or exercised during specific business functions or processes or transactions.

77. A software system that allows for the definition and the use of Rights.

78. A Rights based system that performs portfolio management functions by calculating an aggregate position of one or more Rights or options.

79. A system of claim 78 that integrates a marginal cost optimization engine to provide actual marginal pricing information based upon anticipated Right utilization.

80. The use of a system of claim 78 to track and manage risk exposure.

81. A system of claim 78 that includes a forward curve with the portfolio management system to provide a potential risk exposure.

82. A system of claim 78 that includes a pricing engine that calculates the current market price for services based upon calculated market prices for the individual Rights within a service.

83. A Rights based system that specifically manages a series of transactions involving multiple events occurring over a time period.

84. A system of claim 83 where individual transactions can exercise a subset of Rights based upon the transaction and or business function executed.

85. A system of claim 83 where certain parameters of the Rights are state based and can be modified by the execution of the Right and or by a recurrence pattern and or by a formulaic expression of current or previous Right parameters.

86. A computer system that processes time dependent data without the necessity of defining a time interval on which the system operates.

87. A system of claim 86 where time is handled as a Right parameter and the system is easily adapted to any time interval.

88. A system of claim 86 where time is handled as a start time and an end time which in combination creates a duration as opposed to maintaining a specific time interval, thus, allowing the system to process events of any time interval.

89. A system that uses mapping schemes to facilitate the population of Rights from a set of input parameters.

90. The use of a mapping scheme of claim 89 to facilitate the population of Rights which create a template that can be reused.

91. The use of a mapping scheme of claim 89 to facilitate the population of Rights to create a template that can have user inputs and or defined constants and or inputs based on formulaic schemes.

92. The use of a mapping scheme of claim 89 that takes individual billing component parameters and maps them into the individual Rights on a formulaic method.