Automated system for adapting market data and evaluating performance in transactions
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United States of America Patent
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Feb 21, 2017
Issued Date -
N/A
app pub date -
Sep 6, 2016
filing date -
Jun 28, 2000
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Abstract
A system includes a remotely-located server comprising a metric server adapter, a metrics application, and a communication application. The metric server adapter includes governing logic that manages an evaluation service and predefined instructions for managing metric data. The metrics application is a production application that operates in coordination with the metric server adapter. The metrics application receives an evaluation scenario causing the metrics application to retrieve historical purchase data including one or more price data sets. The metrics application obtains metric data that includes market reference price data, evaluates attributes of responsive items in the metric data to dynamically discover a difference in the attribute data, and dynamically defines transaction-specific instructions for adapting the metric data for a respective item. One or more adjustment values applied to the metric data transform the market reference price data. The metrics application generates and communicates at least one performance metric to a computing device.
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