US Patent 7761317 Optimized component selection for project completion

A method is provided for determining the best combination of components/supplies/goods matched to a price provided by a supplier of those components/supplies/goods, such that costs are minimizing subject to a given supply function, fixed costs and various considerations that can be factored into a selection criteria. More specifically, a Lagrangian function is minimized subject to the supply function and an ensemble of costing formulations are considered subject to weighting factors as applied to a variety of criteria to arrive at an optimized selection of components/supplies/goods.