IP Library Granted Patent US 8,583,464
Granted Patent B2
US 8,583,464 · App. 12/062,658 · Granted Nov 12, 2013

Systems and methods for optimizing market selection for entity operations location

Inventors: Margaret A. Lynn (Charlotte, NC); Benjamin T. Teal (Charlotte, NC); Michael Parker (Charlotte, NC); Charles Kosior (Charlotte, NC); Timothy Prentice (Charlotte, NC)
Assignee: Bank of America Corporation
G06Q10/06
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Quick Facts
Patent No.
US 8,583,464
App. No.
12/062,658
Granted
Nov 12, 2013
Kind
B2
Abstract

Systems and methods for corporate workplace capacity planning and optimization are provided. A system according to the invention may include a computer. The computer may be configured to receive a plurality of characteristics relating to an entity or a portion of an entity. The computer may be further configured to receive a predetermined selection of buildings. The computer may also be configured to determine a plurality of solution sets. Each of the solution sets may express a subset of space located within the selected buildings for the location of the entity or the portion of the entity. The solution sets may be fixed for a predetermined amount of time into the future. The solutions sets can be based, at least in part, on the plurality of characteristics. The computer may also be configured to select a subset of the plurality of solution sets. Finally, a display device may be configured to display at least a portion of a single solution set.

Claims (32)

1. One or more non-transitory computer-readable media storing computer-executable instructions which, when executed by a processor on a computer system, perform a method for optimizing market selection for entity operations location, the method comprising:

receiving an identification of a plurality of market demographic factors, the market demographic factors including labor force availability, diversity, education and quality of life;

affinitizing the market demographic factors into a plurality of critical-to-quality baskets, the critical-to-quality baskets including quality, cost and risk; and

ranking a plurality of demographic locations, the ranking of the plurality of demographic locations being calculated at least in part by the equation

Σ i=1 m wi (Σ j=1 m wjxj ),0 ≦wi≦ 1,0 ≦wj ≦1;

wherein:

Σ i=1 m wi (Σ j=1 m wjxj) corresponds to a weighted sum of the critical-to-quality baskets;

Σ j=1 m wjxj corresponds to a weighted sum of the market demographic factors; and

the weighted sum of the market demographic factors relates at least in part to data pertaining to the demographic location being ranked.

2. The method of claim 1 further comprising grouping ranked demographic locations into deciles.

3. The method of claim 1 further comprising:

calculating an x-axis value and a y-axis value for each of the demographic locations; and

plotting each of the demographic locations on a scatter plot.

4. An apparatus for optimizing market selection for entity operations location, the apparatus comprising:

a workstation comprising:

a workstation storage device;

a workstation processor connected to the workstation device, the workstation storage device storing a workstation program for controlling the workstation processor; and

the workstation processor operative with the workstation program to receive determinations of relative importance of a market demographic actor with respect to other market demographic factors; and

a server operative to communicate with the workstation and to receive the determinations of relative importance of the market demographic factor, the server comprising:

a server storage device;

a server processor connected to the server storage device, the server storage device storing a server program for controlling the server processor; and

the server processor operative with the server program to select a demographic location from among a plurality of demographic locations at least in part in response to a ranking of the plurality of demographic locations;

wherein the ranking of the plurality of demographic locations is executed by a second workstation processor, the ranking comprising:

receiving an identification of a plurality of market demographic factors;

affinitizing the market demographic factors into a plurality of critical-to-quality baskets, the critical-to-quality baskets including quality, cost and risk; and

ranking the plurality of demographic locations, the ranking of the plurality of demographic locations being calculated at least in part by the equation

Σ i=1 m wi (Σ j=1 m wjxj ),0≦ wi≦ 1,0≦ wj ≦1;

wherein:

Σ i=1 m wi (Σ j=1 m wjxj) corresponds to a weighted sum of the critical-to-quality baskets;

Σ j=1 m wjxj Corresponds to a weighted sum of the market demographic factors; and

the weighted sum of the market demographic factors relates at least in part to data pertaining to the demographic location being ranked.

5. The apparatus of claim 4 , the server processor operative with the server program to select the demographic location from among a plurality of demographic locations at least in part in response to a tabulation of values associated with a plurality of market demographic factors associated with the non selected markets.

Assignments (1)
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Apr 7, 2008
From: LYNN, MARGARET A.; TEAL, BENJAMIN T.; PARKER, MICHAEL; KOSIOR, CHARLES; PRENTICE, TIIMOTHY
To: BANK OF AMERICA
Reel/Frame 020763/0783 →
Continuity (1)
Related Publication 20090254395A1 · Oct 8, 2009