Selector function for life-time value financial processing in a relational database management system
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United States of America Patent
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Jul 6, 2010
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app pub date -
Aug 20, 2003
filing date -
Jun 29, 2000
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Abstract
A Life-Time Value system is a data-driven computer-facilitated financial model that provides accurate and consistent profitability projections using current period account level profitability data stored in a Relational Database Management System. The Life-Time Value system performs Net Present Value and Future Value calculations using accounts, amounts and rates retrieved from the Relational Database Management System by a Selector function using selection criteria specified by one or more rules. The results from the Net Present Value and Future Value calculations are integrated to provide a Life-Time Value of one or more customers.
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