Patents by Inventor Jinhong Xie

Jinhong Xie 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).

  • Patent number: 8117063
    Abstract: A method for creating a probabilistic product is provided. The method includes creating a set of product identifiers corresponding to a plurality of products offered by a single seller, each of the plurality of product identifiers uniquely corresponding to one of the plurality of products. The method also includes selecting a subset of the product identifiers. Additionally, the method includes generating a plurality of probability values, each probability value uniquely corresponding to one of the product identifiers contained in the subset, and the sum of the probability values being equal to one. The method further includes determining a monetary value, defining a selling price. By paying the selling price to the seller, a buyer subsequently receives a product associated with one of the product identifiers randomly chosen from the subset.
    Type: Grant
    Filed: November 15, 2007
    Date of Patent: February 14, 2012
    Assignee: University of Florida Research Foundation, Inc.
    Inventors: Jinhong Xie, Scott Alan Fay
  • Publication number: 20080114706
    Abstract: A method for creating a probabilistic product is provided. The method includes creating a set of product identifiers corresponding to a plurality of products offered by a single seller, each of the plurality of product identifiers uniquely corresponding to one of the plurality of products. The method also includes selecting a subset of the product identifiers. Additionally, the method includes generating a plurality of probability values, each probability value uniquely corresponding to one of the product identifiers contained in the subset, and the sum of the probability values being equal to one. The method further includes determining a monetary value, defining a selling price. By paying the selling price to the seller, a buyer subsequently receives a product associated with one of the product identifiers randomly chosen from the subset, the probability of choosing a particular product identifier being equal to the probability value corresponding to the particular product identifier.
    Type: Application
    Filed: November 15, 2007
    Publication date: May 15, 2008
    Applicant: UNIVERSITY OF FLORIDA RESEARCH FOUNDATION, INC.
    Inventors: Jinhong Xie, Scott Alan Fay