Invention Grant
- Patent Title: Systems and methods for optimizing advertising spending using a user influenced advertisement policy
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Application No.: US13837385Application Date: 2013-03-15
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Publication No.: US10672035B1Publication Date: 2020-06-02
- Inventor: Hans Marius Holtan
- Applicant: Oath (Americas) Inc.
- Applicant Address: US NY New York
- Assignee: Verizon Media Inc.
- Current Assignee: Verizon Media Inc.
- Current Assignee Address: US NY New York
- Agency: Bookoff McAndrews, PLLC
- Main IPC: G06Q30/02
- IPC: G06Q30/02

Abstract:
Systems and methods are disclosed for generating an optimized bid value for an advertisement relating to a product. In one implementation, a computerized-method is provided for receiving information about online activity by a plurality of users, the information including a user ID associated with each of the plurality of users. The method may also include extracting a feature set corresponding to purchasing users, the purchasing users being a subset of the plurality of users who have purchased the product. The method may further include generating a model that represents the extracted feature sets of the purchasing users, based on the extracted data, calculating a reward function according to the generated model, and generating an optimized bid value for the advertisement according to the calculated reward function, the optimized bid value representing the difference between a value of displaying the advertisement, and a value of not displaying the advertisement.
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