Resource allocation using electronic contracts
A method of optimising the allocation of resources by a supplier in the event of the supplier being unable to fulfil one or more of a plurality of contractual obligations determines the gain to the supplier in respect of each contractual obligation were it to be fulfilled; determines the penalty tha...
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Format: | Patent |
Sprache: | eng |
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Zusammenfassung: | A method of optimising the allocation of resources by a supplier in the event of the supplier being unable to fulfil one or more of a plurality of contractual obligations determines the gain to the supplier in respect of each contractual obligation were it to be fulfilled; determines the penalty that would be incurred by the supplier in respect of each contractual obligation were it not to be fulfilled; and determines the combination of contractual obligations for which their fulfilment would give the greatest utility to the supplier, utility being defined as the total gain to the supplier as a result of resources allocated minus the total penalty incurred by the supplier as a consequence of unfulfilled contractual obligations. The method may take into account anticipated future resources in determining the combination of contractual obligations for which their fulfilment, at the present time or in the future, would maximise the overall utility to the supplier. |
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