Product valuation tool
AssigneeChronofy, Inc.
InventorJoseph Akar
Life of this patent
Estimating the term…
Abstract
A product valuation tool configured to facilitate evaluating a product. The product valuation tool includes a communications interface configured to facilitate communication with a user device and a processing circuit. The processing circuit is configured to receive a product indication from the user device regarding at least one of a brand and a model of the product, receive a condition indication from the user device regarding a condition of each component of the product, determine a monetary value for the product based on the condition indication for each component of the product, and provide a price quote interface on the user device displaying the monetary value for the product.
Claims20
A product valuation tool configured to facilitate evaluating a product, the product valuation tool, comprising:
- a product database configured to store various information for a product regarding at least one of a brand of the product, a model of the product, components of the product, a maximum value for the product, and a minimum value for the product;
- a product identification module configured to:
- provide a product identification interface on a user device;
- and
- receive a product indication from the user device regarding at least one of the brand and the model, the product indication thereby indicating the product being evaluated;
- a product condition module configured to:
- provide a plurality of product condition interfaces on the user device, each of the plurality of product condition interfaces displaying various conditions of one of the components of the product;
- receive a condition indication from the user device regarding a condition of each of the components of the product;
- and
- determine point values for the condition of each of the components of the product based on the condition indication;
- an aggregation module configured to aggregate the point values for each of the components of the product to determine an aggregated point value for the product;
- and
- a product valuation module configured to:
- determine a monetary value for a single point based on the maximum value and the minimum value for the product;
- determine a total monetary value for the product based on at least one of the monetary value for the single point, the aggregated point value for the product, and the minimum value for the product;
- and
- provide a price quote interface on the user device displaying the total monetary value for the product.
A method for valuing a product, comprising:
- storing, within memory of a valuation tool, various information for a product regarding at least one of a brand of the product, a model of the product, components of the product, a maximum value for the product, and a minimum value for the product;
- providing, by a processing circuit of the valuation tool, a product identification interface on a user device;
- receiving, by the processing circuit, a product indication from the user device regarding at least one of the brand and the model, the product indication thereby indicating the product being evaluated;
- providing, by the processing circuit, a plurality of product condition interfaces on the user device, each of the plurality of product condition interfaces displaying various conditions of one of the components of the product;
- receiving, by the processing circuit, a condition indication from the user device regarding a condition of each of the components of the product;
- determining, by the processing circuit, point values for the condition of each of the components of the product based on the condition indication;
- aggregating, by the processing circuit, the point values for each of the components of the product to determine an aggregated point value for the product;
- determining, by the processing circuit, a monetary value for the product based on the aggregated point value for the product;
- and
- providing, by the processing circuit, a price quote interface on the user device displaying the monetary value for the product.
A product valuation system configured to facilitate evaluating a product, comprising:
- a product valuation tool including:
- a communications interface configured to facilitate communication with a user device;
- and
- a processing circuit configured to:
- receive a product indication from the user device regarding at least one of a brand and a model of the product, the product indication thereby indicating the product being evaluated;
- receive a condition indication from the user device regarding a condition of each component of the product;
- determine a monetary value for the product based on the condition indication for each component of the product;
- and
- provide a price quote interface on the user device displaying the monetary value for the product.
Dependencies are inferred from the claim text.