[go: up one dir, main page]

WO2001003031A1 - Calculatrice visuelle - Google Patents

Calculatrice visuelle Download PDF

Info

Publication number
WO2001003031A1
WO2001003031A1 PCT/US2000/012760 US0012760W WO0103031A1 WO 2001003031 A1 WO2001003031 A1 WO 2001003031A1 US 0012760 W US0012760 W US 0012760W WO 0103031 A1 WO0103031 A1 WO 0103031A1
Authority
WO
WIPO (PCT)
Prior art keywords
input
output
indicator
dimension
change
Prior art date
Application number
PCT/US2000/012760
Other languages
English (en)
Other versions
WO2001003031A9 (fr
Inventor
Andrew M. Rosenfield
Original Assignee
Unext.Com, Llc
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Unext.Com, Llc filed Critical Unext.Com, Llc
Priority to AU48348/00A priority Critical patent/AU4834800A/en
Publication of WO2001003031A1 publication Critical patent/WO2001003031A1/fr
Publication of WO2001003031A9 publication Critical patent/WO2001003031A9/fr

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/04—Forecasting or optimisation specially adapted for administrative or management purposes, e.g. linear programming or "cutting stock problem"
    • G—PHYSICS
    • G06—COMPUTING OR CALCULATING; COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Definitions

  • This invention provides a computational tool and in particular, a system and method for performing financial calculations that provides an interactive, graphical representation of the calculated results. More specifically, this invention discloses a visual financial calculator that can be used in conjunction with an education delivery system such as the one disclosed in Application No. 60/116,120 entitled Virtual University.
  • Financial calculations are a vital tool used to evaluate the viability and profitability of a particular business situation. For example, to determine the present value of a business taking into consideration its future cash flow prospects, an analyst may use a present value (PR) calculation to determine the amount of cash today that is equivalent in value to the future cash flow generated by that business, assuming a particular interest rate. To determine profitability of an investment in such a business, a net present value (NPV) calculation would be used to determine the present value of the expected future cash flows to be generated by the business minus the investment made in the business. To determine the return the investment in the business has generated, an internal rate of return (IRR) calculation is used to find the rate of return generated in which the present value of the future cash flows equals the investment cost in the business.
  • PR present value
  • IRR internal rate of return
  • a visual calculator for performing financial calculations that provides an interactive, graphical representation of the calculated results.
  • a visual calculator is provided that includes a numerical portion having an input and an output where the input and output are related via a mathematical function.
  • the visual calculator further includes a graphical portion, the graphical portion having an input indicator with a dimension that is proportional to the input of the numerical portion and an output indicator having a dimension that is proportional to the output of the numerical portion.
  • the numerical portion and the graphical portion are linked so that when the dimension of the input indicator is changed, the input to the numerical indicator changes proportionately thereby causing the output of the numerical indicator to change according to the mathematical function and the output indicator to change in proportion with the output.
  • the output of the numerical portion changes proportionately thereby causing the input to the numerical portion to change according to the mathematical function and the input indicator to change in proportion with the input.
  • the numerical portion includes a plurality of inputs wherein the plurality of inputs and the output are related by the mathematical relation.
  • the plurality of inputs include an interest rate input, a number of periods input, and a cash flow input
  • the mathematical calculation is a present value calculation and the output of the numerical portion is equal to the present value of the future cash flow input.
  • the plurality of inputs include an interest rate input, a number of periods input, a cash flow input, and an initial cash flow input
  • the mathematical calculation is a net present value calculation and the output is equal to the net present value of the future cash flow input.
  • the plurality of inputs include, a number of periods input, a cash flow input, and an initial cash flow input
  • the mathematical calculation is a internal rate of return calculation and the output is equal to the internal rate of return of the initial cash flow input.
  • the graphical portion is a bar chart and the input indicator is a input bar having a length and the dimension of the input indicator is the length of the input bar.
  • the output indicator is an output bar having a length and the dimension of the output indicator is the length of the output bar.
  • the dimension of the input indicator and the output indicator are changed by changing the length of the input bar and the output bar, respectively.
  • the visual calculator of the present invention may be utilized in conjunction with any platform, including but not limited to general purpose computers, handheld calculators or specialty devices.
  • the visual calculator may be used in an on-line network as part of distance learning program.
  • an interactive, visual calculator that performs financial calculations and that provides a graphical representation of the calculated results.
  • the invention accordingly comprises the several steps and the relation of one or more of such steps with respect to each of the others, and the apparatus embodying features of construction, combination of elements and arrangement of parts which are adapted to affect such steps, all as exemplified in the following detailed disclosure, and the scope of the invention will be indicated in the claims.
  • FIG. 1 is a screen image of the visual calculator of the present invention
  • FIG. 2 is a screen image of an value entry screen of the visual calculator of FIG. 1;
  • FIG. 3 is a screen image of the visual calculator demonstrating an initial growth rate feature.
  • Visual calculator 1 includes a numeric portion 5 and a graphical portion 30.
  • Numeric portion 5 includes a plurality cash flow input fields 10(0)-10(15) corresponding to a user-selectable number of periods 15.
  • Cash flow input fields 10(1)- 10(15) are used by the user of visual calculator 1 to input a sequence of future cash flows for a particular business.
  • cash flow input 10(0) is used to enter an initial cash flow value, i.e. an initial investment made in a business, that is used for NPV and IRR calculations.
  • Numeric portion 5 also includes an interest rate input field 80 in which the user can enter an interest rate that will be used as part of the computations performed by visual calculator 1.
  • the interest rate entered into interest rate input field 80 is the discount rate.
  • numeric portion 5 Based on the values entered by the user into the cash flow input fields 10(1)- 10(15) and interest rate input field 80, numeric portion 5 calculates a present value for each cash flow value 10(1)-10(15) corresponding to each period 15(1)-15(15) and displays the results in the corresponding present value output field 20(1)-20(15). For example, if a cash flow of SI 00 was entered into cash flow input field 10(1) and if an interest rate of 10% was entered into interest rate input field 80, then numerical portion 5 calculates the present value of S90.9 and displays the result in present value output field 20(1). In this manner, numeric portion 5 calculates the present value for each cash flow value entered into cash flow input fields 10(2)- 10(15) and displays the resulting present value into the corresponding present value output field 20(2)- 20(15) for each period 15(2)-15(15).
  • numerical portion 5 is displayed in a spreadsheet format and includes one horizontal row each for cash flow input fields 10 and present value output fields 20 and a number of columns corresponding to the number of periods 15.
  • numerical portion 5 can be displayed in any other format in which each of cash flow input fields 10 are identified with the corresponding present value output fields 20 for each period 15.
  • Numerical portion 5 also includes an options push button 100 that, upon activation, causes visual calculator 1 to display a value entry screen 200, as shown in FIG. 2, into which values used by numeric portion 5 and configuration options are entered.
  • Value entry screen 200 includes a number of periods box 210 into which number of periods 15 is entered; an interest rate box 220 for entering the interest rate to be used for computations performed by numerical portion 5; a begin mode button 230 and an end mode button 240, one of which is selected at a time, which determines how interest is compounded for computation purposes; a cash flow entry box 250 which is the amount of cash flow to be entered into each cash flow input field 10 for each period 15; an initial growth rate box, which is the rate at which the cash flow in cash flow input field 10(n) grows with respect to the cash flow entered into cash flow input field l ⁇ (n-l) where n equals a period 15 that is greater than 1; a show IRR button 280 which, when selected, instructs numeric portion 5 to calculate the IRR and display the result
  • numerical portion 5 and value entry screen 200 include a help push button 90,290, respectively, that, when selected, displays materials that assist the user in the operation of visual calculator 1.
  • Visual calculator 1 also includes graphical portion 30 which is linked to and displays the results of the calculations performed by numerical portion 5.
  • graphical portion 30 is formatted as a bar chart having a y-axis 40 in units of currency and an x-axis 50 in units of time. Each unit of time of x-axis 50 corresponds to one time period of displayed in numerical portion 5.
  • a bar chart is used in the embodiment shown in FIG. 1, any other format, including, but not limited to, line graphs or pie charts, may be used for graphical portion 30 in which the results of the calculation performed based on the parameters contained in numeric portion 5 are visually displayed.
  • graphical portion 30 and numeric portion 5 may displayed on the same screen image, as depicted in FIG. 1, or may be displayed on separate screen images.
  • graphical portion 30 displays, for each unit of time along x-axis 50, a cash flow indicator 35 having a height that corresponds to the value entered into cash flow input field 10 of corresponding period 15, and a present value indicator 40, having a height that corresponds to the value calculated by numerical portion 5 and displayed in the corresponding present value output field 20.
  • cash flow indicator 35(1) has a value of $100 which corresponds to the cash flow value entered into cash flow input field 10(1).
  • present value indicator 40(1) has a value of S90.9 which corresponds to the present value calculated by numerical portion for time period 1. Because graphical portion 30 is linked in this manner to numerical portion 5, the user can easily and immediately visualize the results of the calculation performed by numerical portion 5.
  • the user can change any value used or calculated by numerical portion 5, such as a particular cash flow value, present value amount or interest rate, and instantly see the effect of this change in graphical portion 30.
  • the user can also change the dimension of any of cash flow indicators 35 and/or present value indicators 40 in which case visual calculator 1 will automatically enter the changed values into the corresponding cash flow input field and/or present value output field 20 in numerical portion 5, recalculate the results and update graphical portion 30.
  • the dimension of indicators 35,40 can be changed using any manner known in the art, including, for example, by using a pointing device associated with visual calculator 1 to "drag" either of indicators 35,40.
  • present value indicator 40(2) if the user changes the dimension of present value indicator 40(2) from $82.64 to $86.77, this change will be reflected in present value output filed 20(2). Then, numerical portion 5 will calculate the cash flow required in period 15(2) to generate a present value of $86.77 (in this case, a cash flow of SI 05) and place this new value in cash flow input field 10(2). Finally, the dimension of cash flow indicator 35(2) in graphical portion 30 will be automatically updated to reflect the new cash flow value displayed in cash flow input field 10(2).
  • visual calculator 1 can be configured to perform net present value calculations.
  • NPV calculation the user enters into cash flow value 10(0) the initial investment made and numeric portion 5 computes and displays an NPV result 85 that is based on the initial investment and the cash flow values.
  • numeric portion 5 computes the IRR of the initial investment, and display an IRR result 95.
  • FIG. 3 there is shown a screen image of numeric portion 5 and graphical portion 30 that results when a value is entered into initial growth rate box 260 in value entry screen 200.
  • initial growth rate box 260 When a value is entered into initial growth rate box 260, the values in cash flow input fields 10 subsequent to cash flow input field 10(1) are increase by that percentage for each period 15. For instance, in the example shown in FIG. 3, a value of 5 was entered into initial growth rate box 260 which results in each cash flow input field 10(n) being 5% greater that the value in cash flow input field l ⁇ (n-l), where n equals period 15 for period 15 greater than 1.
  • the initial growth rate feature is useful when calculating PV, NPV and IRR for businesses with steadily increasing cash flow.
  • a payback result 320 which represents the number of periods 15 in which the initial is paid off, is calculated and displayed by numeric portion 5.
  • visual calculator 1 can be used for other types of calculations, including but not limited to, amortization tables, mortgage calculations projected sales growth calculations.
  • Visual calculator 1 of the present invention may be utilized in conjunction with any platform that can receive input from the user, perform the calculations required by numerical portion 5 and display the results in graphical portion 30.
  • a platform may include, but is net limited to, programmable computer systems, calculators and special purpose devices. These platforms may use any type of display and any type of input device including, but not limited to, a keyboard or pointing device.
  • visual calculator 1 provides an interactive, visual learning tool that can be hosted on a general purpose computing platform, it is particularly well suited for use in an on-line environment, for example as part of an distance learning program.
  • a software program that includes the functionality of visual calculator 1 would either be stored or would execute on a central server computer and be accessible to users operating remote nodes (e.g. computers) connected to the server computer using any suitable method, such as the Internet. The user would then input data into visual calculator 1 using an input device (e.g. keyboard, mouse) attached to the remote node and view the calculated results on a display attached to the remote node.
  • an input device e.g. keyboard, mouse
  • visual calculator 1 that performs complex financial computations, such as PV, NPV and IRR, and provides an interactive, graphical representation of the results.
  • Visual calculator 1 is also configurable so as to accommodate a variety of situations.
  • visual calculator 1 can be used on any suitable computing platform and, because of its visual and interactive features, is particularly useful as part of a distance learning program.

Landscapes

  • Business, Economics & Management (AREA)
  • Engineering & Computer Science (AREA)
  • Strategic Management (AREA)
  • Economics (AREA)
  • Theoretical Computer Science (AREA)
  • General Physics & Mathematics (AREA)
  • Finance (AREA)
  • Accounting & Taxation (AREA)
  • Marketing (AREA)
  • Development Economics (AREA)
  • Human Resources & Organizations (AREA)
  • General Business, Economics & Management (AREA)
  • Physics & Mathematics (AREA)
  • Tourism & Hospitality (AREA)
  • Quality & Reliability (AREA)
  • Operations Research (AREA)
  • Entrepreneurship & Innovation (AREA)
  • Game Theory and Decision Science (AREA)
  • Technology Law (AREA)
  • Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Abstract

L'invention concerne un calculatrice visuelle (1) qui comprend une partie numérique (5) dotée d'une entrée (10) pouvant être sélectionnée par l'utilisateur, et une sortie (20), l'entrée et la sortie étant reliées par une fonction mathématique. Ladite calculatrice comprend également une partie graphique (30) qui comporte un indicateur d'entrée (60) dont la taille est proportionnelle à l'entrée, et un indicateur de sortie (70) dont la taille est proportionnelle à la sortie. Lorsque la taille de l'indicateur d'entrée est modifiée, l'entrée est modifiée en conséquence, ce qui entraîne la modification de la sortie conformément à la fonction mathématique, et de l'indicateur de sortie, proportionnellement à la sortie.
PCT/US2000/012760 1999-06-30 2000-05-10 Calculatrice visuelle WO2001003031A1 (fr)

Priority Applications (1)

Application Number Priority Date Filing Date Title
AU48348/00A AU4834800A (en) 1999-06-30 2000-05-10 Visual calculator

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US34335099A 1999-06-30 1999-06-30
US09/343,350 1999-06-30

Publications (2)

Publication Number Publication Date
WO2001003031A1 true WO2001003031A1 (fr) 2001-01-11
WO2001003031A9 WO2001003031A9 (fr) 2002-07-04

Family

ID=23345760

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2000/012760 WO2001003031A1 (fr) 1999-06-30 2000-05-10 Calculatrice visuelle

Country Status (2)

Country Link
AU (1) AU4834800A (fr)
WO (1) WO2001003031A1 (fr)

Cited By (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2005026855A1 (fr) * 2003-09-15 2005-03-24 Metso Paper, Inc. Procede permettant d'optimiser la production de papier ou de carton
US20130041803A1 (en) * 2008-05-28 2013-02-14 Steven Henning Method for aggregating and valuing intellectual property in an exchange

Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5774881A (en) * 1995-10-30 1998-06-30 Efi Actuaries Method of determining optimal asset allocation utilizing asset cash flow simulation
US5918217A (en) * 1997-12-10 1999-06-29 Financial Engines, Inc. User interface for a financial advisory system
US5956691A (en) * 1997-01-07 1999-09-21 Second Opinion Financial Systems, Inc. Dynamic policy illustration system

Patent Citations (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5774881A (en) * 1995-10-30 1998-06-30 Efi Actuaries Method of determining optimal asset allocation utilizing asset cash flow simulation
US5956691A (en) * 1997-01-07 1999-09-21 Second Opinion Financial Systems, Inc. Dynamic policy illustration system
US5918217A (en) * 1997-12-10 1999-06-29 Financial Engines, Inc. User interface for a financial advisory system

Non-Patent Citations (7)

* Cited by examiner, † Cited by third party
Title
DATABASE DIALOG BENJAMIN JEFF: "Software program allows startup firms to create their own business plans" *
DATABASE DIALOG CUMMINGS ET AL.: "Products (financial modeling software)" *
DATABASE DIALOG MINOR MICHAEL: "Financial-planning spreadsheets. (buyer's guide)" *
HERTER GERALD: "Business planning boosts your chances", ACCOUNTING TECHNOLOGY, vol. 11, no. 4, April 1995 (1995-04-01) - May 1995 (1995-05-01), pages 21 - 30, XP002930307 *
PC WEEK, vol. 3, no. 37, 16 September 1986 (1986-09-16), pages 73 *
PC WEEK, vol. 6, no. 13, 3 April 1989 (1989-04-03), pages 97 *
WARFIELD'S BUSINESS RECORD, vol. 10, no. 20, 19 May 1995 (1995-05-19), pages 7, SEC. 1 *

Cited By (4)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
WO2005026855A1 (fr) * 2003-09-15 2005-03-24 Metso Paper, Inc. Procede permettant d'optimiser la production de papier ou de carton
US7582189B2 (en) 2003-09-15 2009-09-01 Metso Paper, Inc. Method for optimizing production of paper or board
US20130041803A1 (en) * 2008-05-28 2013-02-14 Steven Henning Method for aggregating and valuing intellectual property in an exchange
US8543481B2 (en) * 2008-05-28 2013-09-24 Mp&S Intellectual Property Associates, Llc Method for aggregating and valuing intellectual property in an exchange

Also Published As

Publication number Publication date
WO2001003031A9 (fr) 2002-07-04
AU4834800A (en) 2001-01-22

Similar Documents

Publication Publication Date Title
Franses et al. Quantitative models in marketing research
Clark et al. Evaluating direct multistep forecasts
Rodrigues et al. An experiment on process model understandability using textual work instructions and BPMN models
WO2013096558A2 (fr) Systèmes, machines, procédés mis en œuvre par ordinateur et supports lisibles par ordinateur pour fournir un modèle de prise de décision pour externalisation
Capriotti et al. Fast correlation Greeks by adjoint algorithmic differentiation
Çalişkan et al. Hybrid use of Likert scale-based AHP and PROMETHEE methods for hazard analysis and consequence modeling (HACM) software selection
Bhattacharya Healthcare data analytics on the cloud
Orsi et al. Probabilistic modeling of workforce-based disruptions and input–output analysis of interdependent ripple effects
Potter et al. On the versatility of Little’s Law in operations management: a review and classification using vignettes
US20060111950A1 (en) Method for business process mapping, design, analysis and performance monitoring
US7827095B2 (en) Equilibrium flow between economic systems
WO2001003031A1 (fr) Calculatrice visuelle
Kuznietsova et al. Intelligence information technologies for financial data processing in risk management
Kopp et al. An approach to forming dashboards for business processes state analysis
Hasibuan et al. Designing a Web-Based Accounting Information System Using the Object Oriented Analysis and Design Method
Scrivner et al. XD Metrics on demand value analytics: visualizing the impact of internal information technology investments on external funding, publications, and collaboration networks
Damjanovic et al. Employing microsoft excel for enhanced mathematical and statistical online pedagogy in economics amidst a pandemic
CN112236786A (zh) 未来预测模拟装置、方法、计算机程序
US20090171719A1 (en) Interactive system and method for displaying support and support-related processes
Schobel et al. Business process intelligence tools
Zakaria et al. An Analysis of Requirement Engineering and Techniques: A Literature Review
JP7659142B1 (ja) 情報処理システム、情報処理方法及びプログラム
Petcu Experiments with an ODE Solver on a Multiprocessor System
Gaddam Ms Sales and Stock Management System
US20230223143A1 (en) Predicting temporal impact of interventions by deconvolving historical response data

Legal Events

Date Code Title Description
AK Designated states

Kind code of ref document: A1

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY CA CH CN CR CU CZ DE DK DZ EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX NO NZ PL PT RO RU SD SE SG SI SK SL TJ TM TR TT TZ UA UG US UZ VN YU ZA ZW

AL Designated countries for regional patents

Kind code of ref document: A1

Designated state(s): GH GM KE LS MW SD SL SZ TZ UG ZW AM AZ BY KG KZ MD RU TJ TM AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE BF BJ CF CG CI CM GA GN GW ML MR NE SN TD TG

121 Ep: the epo has been informed by wipo that ep was designated in this application
DFPE Request for preliminary examination filed prior to expiration of 19th month from priority date (pct application filed before 20040101)
REG Reference to national code

Ref country code: DE

Ref legal event code: 8642

AK Designated states

Kind code of ref document: C2

Designated state(s): AE AG AL AM AT AU AZ BA BB BG BR BY CA CH CN CR CU CZ DE DK DZ EE ES FI GB GD GE GH GM HR HU ID IL IN IS JP KE KG KP KR KZ LC LK LR LS LT LU LV MA MD MG MK MN MW MX NO NZ PL PT RO RU SD SE SG SI SK SL TJ TM TR TT TZ UA UG US UZ VN YU ZA ZW

AL Designated countries for regional patents

Kind code of ref document: C2

Designated state(s): GH GM KE LS MW SD SL SZ TZ UG ZW AM AZ BY KG KZ MD RU TJ TM AT BE CH CY DE DK ES FI FR GB GR IE IT LU MC NL PT SE BF BJ CF CG CI CM GA GN GW ML MR NE SN TD TG

COP Corrected version of pamphlet

Free format text: PAGES 1-11, DESCRIPTION, REPLACED BY NEW PAGES 1-10; PAGES 12-15, CLAIMS, REPLACED BY NEW PAGES 11-14; PAGES 1/3-3/3, DRAWINGS, REPLACED BY NEW PAGES 1/3-3/3; DUE TO LATE TRANSMITTAL BY THE RECEIVING OFFICE

122 Ep: pct application non-entry in european phase
NENP Non-entry into the national phase

Ref country code: JP