Product pricing optimizer
US10095989B2 · kind B2 · utility
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12References
18Claims
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Key dates
| Filing date | Nov 23, 2011 |
| Grant date | Oct 9, 2018 |
| Priority date | — |
| Expiry date | Apr 15, 2034 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0283
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system for determining product pricing for a product category receives a non-linear problem for the product category, in which the non-linear problem includes a demand model. For a plurality of pair of products in the product category, the system determines coefficients for a change in demand of a first product when a price of a second product is changed. The system then generates an approximate Mixed Integer Linear Programming (“MILP”) problem that includes a change of demand based on a sum of the determined coefficients. The system then solves the MILP problem to obtain a MILP solution, which provides the product pricing.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.