Patents by Inventor Derrick Keller Herbst

Derrick Keller Herbst has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Publication number: 20100262548
    Abstract: The present invention relates to systems and methods for generating a deal summary including comparisons of different pricing methods. A user, or a multi-dimension top down negotiator system, supplies a time and materials quote to the system through a negotiation interface. A fixed price quote generator then utilizes the received time and materials quote to generate a fixed price quote. Likewise, a gain share quote generator utilizes the received time and materials quote to generate a gain share quote. The gain share quote may include a variable percentage share on future return on investment. A net present value calculator then generates the net present value for the generated quotes using expected future interest rates. A deal summary generator compiles the net present values for the quotes into a deal summary for comparison purposes. This deal summary is utilized to answer a request for proposal.
    Type: Application
    Filed: March 17, 2010
    Publication date: October 14, 2010
    Inventors: Derrick Keller Herbst, Sri Raghupathy, Sastry Kolachana, Ramesh Seshadri
  • Publication number: 20100235294
    Abstract: The present invention relates to systems and methods for multi-dimensional top down negotiations. A user supplies negotiated deal dimensions to an allocator. The allocator may also be able to set some of the dimension values to a default value. A line item generator may then perform transformational algorithms on the negotiated deal dimensions to generate line items. A line item override module may then receive user overrides for specific line items, and update the line items using the overrides. This update may include the recalculating of other line items affected by the override. A summarizer may generate a deal summary using the updated line items. A normalization engine may also normalize the deal summary to current market value to facilitate comparisons of the deal summary. The deal summary may include any of a blended rate per hour, an income, a cost, a product margin, and a net present value. Further, the deal summary may be broken down by geography, period and resource type.
    Type: Application
    Filed: March 17, 2010
    Publication date: September 16, 2010
    Inventors: Sri Raghupathy, Derrick Keller Herbst, Yvonne K. Baur