David C Golibersuch

US Patent:

6609118, Aug 19, 2003

Filed:

Jun 21, 1999

Appl. No.:

09/337284

Inventors:

Pratap Shankar Khedkar - Philadelphia PA
Piero Patrone Bonissone - Schenectady NY
David Clarence Golibersuch - Schenectady NY

Assignee:

General Electric Company - Schenectady NY

International Classification:

G06F 1700

US Classification:

705400, 705 10, 705 30, 705 35, 705 36, 705 37, 705 38, 705 26, 705 27, 707 10, 707100, 707200

Abstract:

The present invention is a method and system for automating the process for valuing a property that produces an estimated value of a subject property, and a quality assessment of the estimated value, that is based on the fusion of multiple processes for valuing a property. In one embodiment, three processes for valuing a subject property are fused. The first process, called LOCVAL, uses the location and living area to provide an estimate of the subject propertys value. The second process, called AIGEN, is a generative artificial intelligence method that trains a fuzzy-neural network using a subset of cases from a case-base, and produces a run-time system to provide an estimate of the subject propertys value. The third process, called AICOMP, uses a case based reasoning process similar to the sales comparison approach to determine an estimate of the subject propertys value.