US Patent Issued to JPMORGAN CHASE BANK on July 14 for "Method and system for allocating limited resources to entities that reveal their stochastic demands on arrival over a finite horizon in a proportionally fair manner" (American, British Inventors)

ALEXANDRIA, Va., July 14 -- United States Patent no. 12,681,771, issued on July 14, was assigned to JPMORGAN CHASE BANK N.A. (New York).

"Method and system for allocating limited resources to entities that reveal their stochastic demands on arrival over a finite horizon in a proportionally fair manner" was invented by Sihan Zeng (Atlanta), Parisa Hassanzadeh (San Jose, Calif.), Eleonora Kreacic (London) and Sumitra Ganesh (Short Hills, N.J.).

According to the abstract* released by the U.S. Patent & Trademark Office: "A system and a method for allocating limited resources to agents that reveal their stochastic demands on arrival over a finite horizon in a proportionally fair manner that exhausts available resource budgets are provided. The...