System for creating optimized promotion event calendar

US7660734B1 · 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: May 5, 2001
• Grant date: Feb 9, 2010
• Expiry date: May 7, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/06
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Methods and apparatus for creating a promotional event calendar are provided. A sales model and a cost model are created The value of offers and promotional events using the sales model and cost model is determined. Combinations of offers and promotional events based on determined value are selected to create a promotion event calendar subject to the conditions from at least one store. The apparatus includes an econometric engine for modeling sales as a function of price to create a sales model, a financial model engine for modeling costs to create a cost model, a promotional engine coupled to the econometric engine, and financial model engine to receive input from the econometric engine and financial model engine. The promotional engine analyzes a plurality of offers and a plurality of promotional events to optimally match offers with promotional events to create a promotional event calendar.