Inventory allocation and pricing optimization system for distribution from fulfillment centers to customer groups
US11704611B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Apr 15, 2021 |
| Grant date | Jul 18, 2023 |
| Priority date | — |
| Expiry date | Jul 22, 2041 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0283
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Embodiments optimize inventory allocation of a retail item, where the retail item is allocated from a plurality of different fulfillment centers to a plurality of different customer groups. Embodiments receive historical sales data for the retail item and estimate demand model parameters. Embodiments generate a network including first nodes corresponding to the fulfillment centers, second nodes corresponding to the customer groups, and third nodes between the first nodes and the second nodes, each of the third nodes corresponding to one of the second nodes. Embodiments generate an initial feasible inventory allocation from the first nodes to the second nodes and solves a minimum cost flow problem for the network to generate an optimal inventory allocation.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.