MUMBAI, India, May 1 -- Intellectual Property India has published a patent application (202641051629 A) filed by Vellore Institute Of Technology, Vellore, Tamil Nadu, on April 23, for 'adaptive behaviour-driven expense allocation and settlement optimization system.'
Inventor(s) include Dr. V. Sivakumar; and Nadia Abdul Kader.
The application for the patent was published on May 1, under issue no. 18/2026.
According to the abstract released by the Intellectual Property India: "The present invention relates to a computer-implemented system (100) for adaptive allocation of shared expenses and settlement optimization among multiple participants. The system (100) comprises a transaction data acquisition module configured to capture expense-related data, a behavioural processing module configured to extract contribution indicators including payment frequency, contribution magnitude, and participation consistency, and an adaptive fairness computation module configured to determine participant-specific fairness indices. The system (100) further includes a responsibility allocation module configured to assign proportional financial responsibility and a settlement optimization module configured to determine a minimized set of reconciliation transactions. The fairness index is computed using a hybrid formulation combining a baseline equal-sharing component with behaviour-derived indicators, wherein influence of behavioural data increases with accumulated transactions. The system (100) further incorporates iterative updating of behavioural datasets and generation of structured outputs representing allocation and settlement data."
Disclaimer: Curated by HT Syndication.
