Forecasting demand for products
US8131581B1 · kind B1 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 26, 2007 |
| Grant date | Mar 6, 2012 |
| Priority date | — |
| Expiry date | Jan 4, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0202
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Various embodiments of the present invention are provided to adjust a product demand forecast. In one embodiment, a value is determined of an aggregation of a plurality of product level demand forecasts for a respective plurality of products in a product group at a desired value of a critical ratio. The critical ratio expresses a probability that a forecast will exceed a demand for a given product. A ratio is determined of the aggregation of the product level demand forecasts to a global demand forecast for the product group in the computer system. The ratio is verified as to whether it is congruous with a historical ratio of past aggregate product level demand forecasts to actual product demand.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.