Computer technology for automated pricing guidance
US11694218B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 25, 2020 |
| Grant date | Jul 4, 2023 |
| Priority date | — |
| Expiry date | Nov 11, 2040 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06N3/082
- WIPO fieldComputer technology
- WIPO sectorElectrical engineering
Abstract
Disclosed herein are embodiments for automated intelligent price guidance of listings for a for sale object (FSO) being offered by a seller. Some embodiments may operate by: receiving information relating to the FSO, including specifications for selling the FSO, wherein the specifications include an original offer price and a time window for selling the FSO; determining a category of the FSO; generating an optimal offer price for the FSO based on one or more of: (a) past listings of previously sold FSOs that have a same or similar category of the FSO; (b) the specifications, including the time window; (c) a category decay curve applicable to the category; and (d) seller flexibility curve of the seller; and through the use of a machine learning neural networking analysis suggesting the optimal offer price to the seller as an offer price for a listing corresponding to the FSO, wherein this price is evaluated over time and suggestions are made accordingly.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.