Product selling and pricing system and method
AssigneePalm, Inc.
InventorsYoon Kean Wong, David Kammer, David Z. Creemer
Life of this patent
Estimating the term…
Abstract
A system and method for selling or pricing a product is disclosed. The system includes a data collection system configured to collect data relating to the product, and a pricing system in communication with the data collection system. The pricing system is configured to sell or price the product in accordance with the data relating to the product.
Claims25
A system for selling or pricing a product, the system comprising:
- a data collection system configured to collect data relating to the product;
- and
- a pricing system in electronic communication with the data collection system, the pricing system configured to sell or price the product in accordance with the data relating to the product.
A method of calculating a price associated with a risk protection product, the method comprising:
- receiving data related to a subject that is associated with the risk protection product, the data received from a remote location;
- processing the data in accordance with predetermined risk data;
- and
- generating the price from the processed data.
A method for monitoring a product warranty relating to a product, the method comprising:
- monitoring operational data relating to the product;
- recording the operational data relating to the product;
- and
- comparing the operational data to at least one operational specification relating to the product.
A method for pricing a product, the method comprising:
- receiving information relating to the product via a remote transmitter;
- generating the product price based on the received information.
A processing system comprising:
- a receiver configured to receive data relating to a product at predetermined periodic intervals;
- a central processing unit (CPU) coupled to the receiver;
- and
- a storage device coupled to the CPU, and having stored there information for configuring the CPU to
- generate correlated data by correlating the received data to actuarial data, and
- generate a price in accordance with the correlated data.
A processing system comprising:
- a receiver configured to receive data relating to an object at predetermined periodic intervals;
- a central processing unit (CPU) coupled to the receiver;
- and
- a storage device coupled to the CPU, and having stored there information for configuring the CPU to
- collect operational specification data relating to a warranty, and
- compare the received data relating to the object, to the operational specification data relating to the warranty.
Dependencies are inferred from the claim text.