Computerized promotion and markdown price scheduling
US10528903B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jan 7, 2016 |
| Grant date | Jan 7, 2020 |
| Priority date | — |
| Expiry date | Oct 7, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0283
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Systems, methods, and other embodiments associated with generating a price schedule are described. A inventory quantity for the item is allocated amongst a plurality of customer segments based at least on a predicted contribution of each customer segment to the objective function. For each customer segment, based at least on a quantity of inventory allocated to the customer segment, a promotion portion of the price schedule is determined that maximizes the objective function. A quantity of remaining inventory allocated to the plurality of customer segments at the end of the regular season is aggregated. Based at least on the aggregated inventory, a markdown portion of the price schedule for the item is determined that maximizes the objective function. The promotion portion and the markdown portion are combined to create a price schedule for the item.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.