Real-time planning and execution with minimum perturbation

• US 20060010067A1
• Filed: 07/08/2004
• Published: 01/12/2006
• Est. Priority Date: 07/08/2004
• Status: Abandoned Application

• Current Assignee: One Network Enterprises Incorporated
• Original Assignee: One Network Enterprises Incorporated
• Inventors: Notani, Ranjit, Zhao, Peng, Whipple, Mark B., McAloon, Ken
• Application Number:
  US10/887,218
• Publication Number:
  US 20060010067A1
• Time in Patent Office: Days
• US Class Current: 705/39
• CPC Class Codes: G06Q 10/06 Resources, workflows, human or project management; Enterprise or organisation planning; Enterprise or organisation modelling
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• CPC Class Codes: G06Q 40/12 Accounting

Abstract

Methods and system are disclosed for planning and optimizing plans of a value chain in response to events and exceptions in the value chain with minimal perturbations to the existing plan. When an event or an exception occurs, potential solutions are constructed and evaluated. The potential solutions respect the business process constraints and temporal constraints on transactions, and the true dynamic capacity constraints in the value chain. The impact of the potential solutions on finance and on the existing plan is evaluated. The solution with maximum profit and minimum perturbation to the existing plan is selected and executed. Techniques of achieving the above goals are described.

Claims

1. A computerized method of managing and optimizing a value chain in response to the new state of the value chain caused by events and exceptions in the value chain and creating an optimal new execution plan while minimizing perturbations to the existing execution plan, comprising:

retrieving latest information of a value chain from the database;

searching for exceptions in the affected portion of said value chain;

constructing potential solutions that optimize said value chain;

evaluating said solutions that optimize said value chain;

selecting one solution among said solutions that provides the most financial benefits with minimal perturbation to the existing execution plan; and

implementing said solution by creating new actions.

2. The method according to claim 1, further comprises detecting exceptions in said portion of said value chain.

3. The method according to claim 1, further comprises constructing said solutions to optimize said value chain.

4. The method according to claim 3, wherein constructing said solutions that optimize said value chain further comprises favoring changes in far term over changes in near term.

5. The method according to claim 3, wherein constructing said solutions that optimize said value chain further comprises respecting process constraints around existing business transactions.

6. The method according to claim 3, wherein constructing said solutions that optimize said value chain further comprises respecting temporal constraints around said transactions.

7. The method according to claim 3, wherein constructing said solutions that optimize said value chain further comprises respecting true dynamic capacity constraints in said value chain.

8. The method according to claim 3, wherein constructing said solutions that optimize said value chain further comprises respecting the decisions and constraints imposed by other decision making agents.

9. The method according to claim 3, wherein constructing said solutions that optimize said value chain further comprises allowing short-lived said exceptions to remain unresolved if the cost of resolution exceeds benefit of solution.

10. The method according to claim 1, wherein evaluating said solutions that optimize said value chain further comprises calculating the cost and the financial benefit of said solutions.

11. The method according to claim 1, wherein evaluating said solutions that optimize said value chain further comprising evaluating the impact of said solutions on said existing execution plan.

12. The method according to claim 1, wherein selecting one solution among the said solutions that provides the most financial benefits with minimal perturbation to the existing execution plan.

13. The method according to claim 1, wherein implementing said solution by creating new actions further comprises making efforts to modify an existing transaction first before creating a new transaction.

14. The method according to claim 1, wherein the step of evaluating is performed using non-stale real-time data.

15. A system for managing and optimizing a value chain in response to the new state of the value chain caused by events and exceptions in the value chain and creating an optimal new execution plan, comprising at least one computer, the computer capable of storing and executing a value chain management program thereon, the value chain management program having a plurality of functional components, including an intelligent execution model configured to:

retrieve latest information of a value chain from the database;

search for exceptions in the affected portion of said value chain;

construct potential solutions that optimize said value chain;

evaluate said solutions that optimize said value chain;

select one solution among the said solutions that provides the most financial benefits with minimal perturbation to an existing execution plan; and

implement said solution by creating new actions as part of said new execution plan.

16. The system according to claim 15, wherein the value chain management program further includes value chain components configured to receive transaction data pertaining to various transactions between the enterprise and one or more entities in the value chain.

17. The system according to claim 16, wherein the value chain management program further includes a value chain network configured to share the transaction data shared across the other components of the value chain management program.

18. The system according to claim 17, wherein the value chain management program further includes a distributed transaction backbone configured to process the transaction data and to manage execution of the various transactions across the value chain, and to generate new transactions as needed.

19. The system according to claim 15, wherein the intelligent execution module is further configured to detect exceptions in said portion of said value chain.

20. The system according to claim 15, wherein the intelligent execution module is further configured to construct said solutions to optimize said value chain.

21. The system according to claim 20, wherein the intelligent execution module is further configured to favor changes in far term over changes in near term in constructing said solutions that optimize said value chain.

22. The system according to claim 20, wherein the intelligent execution module is further configured to respect process constraints around existing business transactions in constructing said solutions that optimize said value chain.

23. The system according to claim 20, wherein the intelligent execution module is further configured to respect temporal constraints around existing business transactions in constructing said solutions that optimize said value chain.

24. The system according to claim 20, wherein the intelligent execution module is further configured to respect true dynamic capacity constraints in said value chain in constructing said solutions that optimize said value chain.

25. The system according to claim 20, wherein the intelligent execution module is further configured to respect the decisions and constraints imposed by other decision making agents in constructing said solutions that optimize said value chain.

26. The system according to claim 20, wherein the intelligent execution module is further configured to allow short-lived said exceptions to remain unresolved if the cost of resolution exceeds benefit of solution in constructing said solutions that optimize said value chain.

27. The system according to claim 15, wherein the intelligent execution module is further configured to calculate the cost and the financial benefit of said solutions.

28. The system according to claim 15, wherein the intelligent execution module is further configured to evaluate the impact of said solutions on said existing plan.

29. The system according to claim 15, wherein the intelligent execution module is further configured to make efforts to modify an existing transaction first before creating a new transaction.

30. The system according to claim 15, wherein the intelligent execution module is further configured to perform said evaluation using non-stale real-time data.

31. A system for managing a value chain of an enterprise comprising:

a graphic user interface;

a computer connected to said graphic user interface, said computer comprising a computer readable medium;

a plurality of instructions wherein at least a portion of said plurality of instructions are storable in said computer readable medium, and further wherein said plurality of instructions are configured to cause said computer to perform;

retrieving latest information of a value chain from the database;

searching for exceptions in the affected portion of said value chain;

constructing potential solutions that optimize said value chain;

evaluating said solutions that optimize said value chain;

selecting one solution among the said solutions that provides the most financial benefits with minimal perturbation to the existing plan; and

implementing said solution by creating new actions.