System and method for markdown optimization
US8000996B1 · kind B1 · utility
13Cited by
74References
13Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Nov 8, 2007 |
| Grant date | Aug 16, 2011 |
| Priority date | — |
| Expiry date | Dec 9, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0206
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Computer-implemented systems and methods for identifying markdown prices for items. As an example, a system and method can include identifying for each item an optimal markdown plan containing a markdown price for the item. Also, the method and system can be configured to identify for each item an optimal delay plan. For each item, a delay cost and a markdown spend are calculated, and a comparison is performed of the item's delay cost with respect to the item's markdown spend. The comparison is used to determine whether to mark down an item based upon the item's determined markdown price.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.