Patents by Inventor Kenneth J. Ouimet

Kenneth J. Ouimet 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: 20140074752
    Abstract: A commerce system has retailers offering products for sale to consumers. Product information associated with a plurality of products is collected. The product information includes a sale price for the products, an estimated cost to a retailer for the products and an estimated demand for the products. The product information is stored in a database. An investment signal is identified based on the product information. An investment signal alert is provided to notify investors about the investment signal. A future value of investing in the retailer is forecasted based on the investment signal. Future profitability of the retailer is estimated based on the investment signal. A value for the investment signal is estimated. A bid for access to the investment signal is accepted including an offer to share a portion of an investment trade. Investment decisions within the commerce system are controlled by providing access to the investment signal.
    Type: Application
    Filed: September 11, 2012
    Publication date: March 13, 2014
    Inventor: Kenneth J. Ouimet
  • Publication number: 20140058833
    Abstract: A commerce system has retailers offering products for sale to consumers. A plurality of bids for a search criteria are accepted. A winning bid for the search criteria is selected from the plurality of bids. Value message content related to the winning bid for the search criteria is accepted. An interface to submit a search query corresponding to the search criteria is provided. Search results corresponding to the search query are collected. The commerce system is controlled by displaying the search results and value message content to influence purchasing decisions. A market segment is applied to a scope of the bids. The search criteria is accepted with the bids. The winning bid is selected based on a value of the bids. A database containing product information is provided. The search results corresponding to the search query are collected from the database.
    Type: Application
    Filed: August 22, 2012
    Publication date: February 27, 2014
    Applicant: MYWORLD, INC.
    Inventors: Kenneth J. Ouimet, Wayne C. Neale
  • Patent number: 8645223
    Abstract: A commerce system involves transactions between manufacturers, distributors, retailers, and consumers. Product information for a plurality of products is collected and stored in a database. A website is provided for a consumer to create a shopping list with weighted product attributes. A baseline product value is determined for each of the products. A consumer weighted product value is determined based on the baseline product value and the weighted product attributes. A discounted offer is generated for the consumer. A product score is determined based on the consumer weighted product value and retailer product value. The shopping list is optimized based on the product score. The optimized shopping list is provided to the consumer to assist with purchasing decisions. Purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase based on the optimized shopping list.
    Type: Grant
    Filed: June 23, 2011
    Date of Patent: February 4, 2014
    Assignee: MyWorld, Inc.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20130337052
    Abstract: Administering a therapeutically effective dose of lithium ions mitigates the side effects of a psychoactive substance such as a cannabinoid. The therapeutically effective dose of lithium ions includes greater than 4 milligrams of lithium and less than 170 milligrams of lithium, or includes between 8 and 32 milligrams of lithium ions per milligram of the psychoactive substance. The therapeutically effective dose of lithium ions is administered using lithium carbonate, lithium citrate, lithium chloride, lithium orotate, lithium aspartate, or analogs thereof using a delivery vehicle selected from pills, tablets, capsules, gelcaps, liquids, syrups, injectable liquids, powders, or foods and administered prior to, with, or after administration of the psychoactive substance. The psychoactive substance includes one or more of anandamide, 2-arachidonoyl glycerol, 2-arachidonoyl glycerol ether, tetrahydrocannabinol, cannabinol, cannabidiol, or analogs thereof and may be administered using the delivery vehicle.
    Type: Application
    Filed: September 24, 2012
    Publication date: December 19, 2013
    Inventors: Patricia Linert, Kenneth J. Ouimet
  • Publication number: 20130325653
    Abstract: A commerce system has retailers offering products for sale to consumers. Product information is collected associated with a plurality of products. Products of interest are presented to a first consumer based on the product information. The products of interest are selected based on a prior product selection by the first consumer, product selections by a second consumer, or retailer promoted products. The products of interest include comparative product information from a plurality of retailers. A shopping list is generated including one or more selected products of interest as determined by the first consumer. The shopping list including the selected products of interest is made available to the first consumer to assist with a purchasing decision. The purchasing decision within the commerce system is controlled by enabling the first consumer to select products for purchase based on the shopping list including the selected products of interest.
    Type: Application
    Filed: June 5, 2012
    Publication date: December 5, 2013
    Applicant: MYWORLD, INC.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20130325554
    Abstract: A commerce system has retailers offering products for sale to consumers. Product information is collected from retailers. A price elasticity of demand is determined for a first product from a first retailer. An estimated price elasticity of demand is determined for a second product for a second retailer based on the price elasticity of demand from the first retailer. The estimated price elasticity of demand is substantially equal to the price elasticity of demand. A price is determined for the second product for the second retailer based on the estimated price elasticity. A profit for the second product is optimized for the second retailer by selecting the price for the second product based on the estimated price elasticity. The commerce system is controlled by enabling the second retailer to select the price for the second product based on the estimated price elasticity.
    Type: Application
    Filed: June 1, 2012
    Publication date: December 5, 2013
    Applicant: MYWORLD, INC.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20130325596
    Abstract: A commerce system has retailers offering products for sale to consumers. A product is evaluated for marketing through a first marketing channel at a first modeling level. The product is evaluated for marketing through a second marketing channel at the first modeling level. A cross channel performance of the marketing of the product through the first marketing channel and second marketing channel is optimized at a second modeling level higher than the first modeling level. The commerce system is controlled by allocating resources to the first marketing channel and second marketing channel based on the cross channel performance of the first marketing channel and second marketing channel. A plurality of attributes of the product can be evaluated at a plurality of hierarchical modeling levels. The evaluations of the product from the hierarchical modeling levels are combined to optimize commercialization of the product for a member of the commerce system.
    Type: Application
    Filed: June 1, 2012
    Publication date: December 5, 2013
    Inventor: Kenneth J. Ouimet
  • Publication number: 20130325652
    Abstract: A commerce system has retailers offering products for sale. Product information is collected associated with a plurality of products. A first shopping list is generated for a first consumer based on the product information. A second shopping list is generated for a second consumer based on the product information. A product preferred by the first consumer is selected as a product recommendation to the second consumer based on similarities of product preferences, characteristics, or demographics between the first consumer and second consumer. The product recommendation can also be based on popularity of the preferred product. The product recommendation is made available to the second consumer on the second shopping list or by wireless communication device. A discount for the product recommendation is offered to the second consumer. A purchasing decision within the commerce system is controlled by enabling the second consumer to select the product recommendation for purchase.
    Type: Application
    Filed: June 1, 2012
    Publication date: December 5, 2013
    Applicant: MYWORLD, INC.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20130325656
    Abstract: A commerce system has retailers offering products for sale to consumers. Product information is collected associated with a plurality of products. The product information is received from a retailer in the form of transactional data or retrieved from a retailer website. The product information is stored in a database. The products are organized into a plurality of product families based on one or more related product attributes such as brand, size, price, ingredients, and additive. A shopping list is generated including one or more of the product families. The shopping list can be optimized based on the product information and weighted preferences for the product attributes for the product families. The shopping list is provided to a consumer to assist with purchasing decisions. The purchasing decisions within the commerce system are controlled by enabling the consumer to select products for purchase based on the shopping list.
    Type: Application
    Filed: June 1, 2012
    Publication date: December 5, 2013
    Applicant: MYWORLD, INC.
    Inventor: Kenneth J. Ouimet
  • Patent number: 8452628
    Abstract: A computer-implemented method involves facilitating interaction between members of a supply chain. A communication platform links to a plurality of hubs for electronic data transfer. The hubs are associated with the members of the supply chain. The method provides a standardized model for product decisions for each member of the supply chain. The method involves formulating a product plan by a first member of the supply chain. The product plan utilizes the standardized model and data available to the first member to generate a forecast under the product plan. The method transfers the product plan with shared data and forecast through a first hub associated with the first member and through the communication platform to a second hub associated with a second member of the supply chain. The communication platform controls the transfer of data so that the second member can evaluate the product plan and forecast under the standardized model.
    Type: Grant
    Filed: October 10, 2007
    Date of Patent: May 28, 2013
    Assignee: SAP AG
    Inventor: Kenneth J. Ouimet
  • Publication number: 20130066740
    Abstract: Product information associated with products is stored in a database. A website is provided. An interface is provided on the website for generating a shopping list including product attributes. An interface is provided on the website for adding product attributes to the shopping list by searching the product information in the database by product category or keyword phrase. An interface is provided on the website for adding product attributes to the shopping list using natural language descriptions. A list of recommended products is generated based on the product attributes. A price for each of the recommended products between retailers is compared. The purchasing decisions within the commerce system are controlled by generating a shopping option based on the price for each recommended product between retailers. An interface is provided on the website to substitute one of the recommended products with an alternate product.
    Type: Application
    Filed: August 1, 2012
    Publication date: March 14, 2013
    Applicant: MyWorld, Inc.
    Inventors: Kenneth J. Ouimet, Timothy L. Ouimet, Anthony Fresina, Robert J. Dunst, JR.
  • Publication number: 20120253907
    Abstract: A commerce system has a plurality of retailers offering products for sale. Product information associated with the products is collected and stored in a central database. A consumer uses a website to create a shopping list with weighted preferences for product attributes. An individualized discount is generated by a consumer service provider for products on the shopping list directed to the consumer. The shopping list is optimized based on the product information in the database, the weighted preferences for the product attributes, and the individualized discount. An incremental profit for the product is determined based on the individualized discount. The incremental profit is shared between the retailer and consumer service provider. The consumer uses the optimized shopping list to assist with purchasing decisions. Purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase based on the optimized shopping list.
    Type: Application
    Filed: April 4, 2011
    Publication date: October 4, 2012
    Applicant: MYWORLD, INC.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20120253908
    Abstract: A commerce system has retailers offering products for sale. Product information associated with the products is collected and stored in a central database. A consumer uses a website to select preferred retailers on a map. A plurality of product categories is presented on the website. A plurality of product attributes for the product categories is presented on the website. A weighting factor is provided for the product attributes. A shopping list is generated for the consumer based on the product information, product attributes, and weighting factors. The shopping list has an individualized discount directed to the consumer for a product on the shopping list. The shopping list is provided to the consumer to assist with purchasing decisions. A trip plan is generated for the consumer. The purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase from the retailer.
    Type: Application
    Filed: October 26, 2011
    Publication date: October 4, 2012
    Applicant: MYWORLD, INC.
    Inventors: Kenneth J. Ouimet, Timothy L. Ouimet, Erich B. Wilson, Anthony Fresina, Robert J. Dunst, JR.
  • Publication number: 20120239524
    Abstract: A commerce system has retailers offering products for sale. Product information associated with the products is collected by retrieving the product information from a website of the retailer through a consumer computer system and by confirming and updating the product information, including per unit pricing and price multiples, through electronic communication with the consumers while in a store of the retailer. The product information is stored in a database. A website is provided for consumers to create a shopping list with weighted preferences for product attributes. The shopping list is optimized based on the product information in the database and the weighted preferences for the product attributes. The optimized shopping list is made available to the consumer to assist with purchasing decisions. The purchasing decisions within the commerce system are controlled by enabling the consumers to select the products for purchase based on the optimized shopping list.
    Type: Application
    Filed: October 13, 2011
    Publication date: September 20, 2012
    Applicant: MYWORLD, INC.
    Inventors: Kenneth J. Ouimet, Timothy L. Ouimet, Erich B. Wilson, Anthony Fresina
  • Publication number: 20120239523
    Abstract: A commerce system has a plurality of retailers offering products for sale. Product information associated with the products is collected by retrieving the product information from a website of the retailer through a consumer computer system and by confirming and updating the product information through electronic communication with the consumers while in a store of the retailer. The product information is stored in a database. A website is provided for consumers to create a shopping list with weighted preferences for product attributes. The shopping list is optimized based on the product information in the database and the weighted preferences for the product attributes. The optimized shopping list is made available to the consumer to assist with purchasing decisions. The purchasing decisions within the commerce system are controlled by enabling the consumers to select the products for purchase based on the optimized shopping list.
    Type: Application
    Filed: March 16, 2011
    Publication date: September 20, 2012
    Applicant: MYWORLD, INC.
    Inventors: Kenneth J. Ouimet, Timothy L. Ouimet, Erich B. Wilson
  • Publication number: 20120221393
    Abstract: A commerce system has a plurality of retailers offering products for sale. Product information associated with the products is collected and stored in a central database. A consumer uses a website to create a shopping list with weighted preferences for product attributes. An individualized discount is generated by a consumer service provider for products on the shopping list directed to the consumer. The shopping list with all products aggregated for one retailer is optimized based on the product information in the database, the weighted preferences for the product attributes, and the individualized discounts. The consumer uses the optimized shopping list to assist with purchasing decisions. An incremental profit can be determined based on an aggregation of the products on the optimized shopping list. Purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase from the retailer.
    Type: Application
    Filed: October 26, 2011
    Publication date: August 30, 2012
    Applicant: MYWORLD, INC.
    Inventors: Kenneth J. Ouimet, Timothy L. Ouimet, Erich B. Wilson, Anthony Fresina, Robert J. Dunst, JR.
  • Patent number: 8190486
    Abstract: Techniques for selecting a product are disclosed. A user-specific product value specific to a user is determined for each of at least a subset of a set of a plurality of products. The user-specific product value is based at least in part on a user-specific product attribute value associated with a product attribute specific to the user. A product is selected from the set of a plurality of products, the selection is based at least in part on the determined user-specific product values.
    Type: Grant
    Filed: July 15, 2010
    Date of Patent: May 29, 2012
    Assignee: MyWorld, Inc.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20120016764
    Abstract: A commerce system involves transactions between manufacturers, distributors, retailers, and consumers. Product information for a plurality of products is collected and stored in a database. A website is provided for a consumer to create a shopping list with weighted product attributes. A baseline product value is determined for each of the products. A consumer weighted product value is determined based on the baseline product value and the weighted product attributes. A discounted offer is generated for the consumer. A product score is determined based on the consumer weighted product value and retailer product value. The shopping list is optimized based on the product score. The optimized shopping list is provided to the consumer to assist with purchasing decisions. Purchasing decisions within the commerce system are controlled by enabling the consumer to select the products for purchase based on the optimized shopping list.
    Type: Application
    Filed: June 23, 2011
    Publication date: January 19, 2012
    Applicant: MyWorld, Inc.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20120016727
    Abstract: A commerce system has a plurality of members. A maximum discounted offer is determined for a product in the commerce system. A discounted offer is generated less than the maximum discounted offer for the product. Members of the commerce system are assigned to a control group and offer group. A control discounted offer is provided to members of the control group and the discounted offer is provided to members of the offer group to assist with purchasing decisions. An incremental profit is determined as a difference between the maximum discounted offer and the discounted offer for a purchased product. Activities within the commerce system are controlled by distributing the incremental profit between members of the commerce system. The incremental revenue or profit is distributed based on purchasing decisions of the control group with the control discounted offer and purchasing decisions of the offer group with the discounted offer.
    Type: Application
    Filed: June 28, 2011
    Publication date: January 19, 2012
    Applicant: MYWORLD, INC.
    Inventor: Kenneth J. Ouimet
  • Publication number: 20120016738
    Abstract: Techniques for conducting a promotion of a product or service, managing various promotion activities, and rewarding promotion partners are disclosed. An incremental sales (e.g., incremental sales volume, revenue, and profit) analysis due to a promotion is performed and a fee is assessed based on a result of the incremental sales analysis. In some embodiments, performing the incremental analysis includes assigning to a control group a first subset of a plurality of target customers associated with the promotion, assigning to an offer group at least a second non-overlapping subset of the plurality of target customers, providing to at least the offer group but not to the control group an offer associated with the promotion, and determining an incremental change in sales of the product contributed by the customers in the offer group—as compared to sales contributed by the customers in the control group.
    Type: Application
    Filed: August 24, 2010
    Publication date: January 19, 2012
    Inventor: Kenneth J. Ouimet