Price optimization with rule relaxation

US7617119B1 · kind B1 · utility

Assignee

• DemandTec, Inc. · US

Inventors

• Michael Neal · San Francisco, US
• Krishna Venkatraman · Menlo Park, US
• Rob Parkin · San Francisco, US
• Suzanne Valentine · Atlanta, US
• Phil Delurgio · Dana Point, US
• Hau Lee · Los Altos, US

Key dates

• Filing date: Jun 22, 2001
• Grant date: Nov 10, 2009
• Expiry date: Oct 6, 2022

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/04
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A price optimization system computes a preferred set of prices for a plurality of products. The optimization system stores a plurality of rules. The system may also prioritize the plurality of rules, and further relax lower priority rules to allow higher priority rules to become feasible. The feasible set of rules may then be utilized to generate the preferred set of prices.