Patents by Inventor Thomas D. Olavson

Thomas D. Olavson 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).

  • Managing procurement risk
    Patent number: 7747339
    Abstract: Systems and methods for managing procurement risk are described. In accordance with a procurement risk management method, a resource sourcing mix is computed from a sourcing portfolio of one or more forward contracts, spot market purchases, and inventory depletion for each period of a planning horizon based on forecast scenarios for resource demand, resource price, and resource availability and a specified inventory carrying policy for the resource. Based upon the computed resource sourcing mix, one or more metrics for evaluating the sourcing portfolio are computed. A system and a computer program implementing the above-described procurement risk management method also are described.
    Type: Grant
    Filed: October 3, 2002
    Date of Patent: June 29, 2010
    Assignee: Hewlett-Packard Development Company, L.P.
    Inventors: Greg C. Jacobus, Thomas D. Olavson, Venu Nagali
  • Graphical user interface for procurement risk management system
    Patent number: 7590937
    Abstract: Systems and methods for managing procurement risk are described. In accordance with a procurement risk management method, a resource sourcing mix is computed from a sourcing portfolio of one or more forward contracts, spot market purchases, and inventory depletion for each period of a planning horizon based on forecast scenarios for resource demand, resource price, and resource availability and a specified inventory carrying policy for the resource. Based upon the computed resource sourcing mix, one or more metrics for evaluating the sourcing portfolio are computed. A system and a computer program implementing the above-described procurement risk management method also are described.
    Type: Grant
    Filed: October 3, 2002
    Date of Patent: September 15, 2009
    Assignee: Hewlett-Packard Development Company, L.P.
    Inventors: Greg C. Jacobus, Thomas D. Olavson, Jerry Hwang, Venu Nagali
  • Graphical user interface for procurement risk management system
    Publication number: 20040068455
    Abstract: Systems and methods for managing procurement risk are described. In accordance with a procurement risk management method, a resource sourcing mix is computed from a sourcing portfolio of one or more forward contracts, spot market purchases, and inventory depletion for each period of a planning horizon based on forecast scenarios for resource demand, resource price, and resource availability and a specified inventory carrying policy for the resource. Based upon the computed resource sourcing mix, one or more metrics for evaluating the sourcing portfolio are computed. A system and a computer program implementing the above-described procurement risk management method also are described.
    Type: Application
    Filed: October 3, 2002
    Publication date: April 8, 2004
    Inventors: Greg C. Jacobus, Thomas D. Olavson, Jerry Hwang
  • Managing procurement risk
    Publication number: 20040068454
    Abstract: Systems and methods for managing procurement risk are described. In accordance with a procurement risk management method, a resource sourcing mix is computed from a sourcing portfolio of one or more forward contracts, spot market purchases, and inventory depletion for each period of a planning horizon based on forecast scenarios for resource demand, resource price, and resource availability and a specified inventory carrying policy for the resource. Based upon the computed resource sourcing mix, one or more metrics for evaluating the sourcing portfolio are computed. A system and a computer program implementing the above-described procurement risk management method also are described.
    Type: Application
    Filed: October 3, 2002
    Publication date: April 8, 2004
    Inventors: Greg C. Jacobus, Thomas D. Olavson