System and method of model forecasting based on supply and demand
US8255265B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 23, 2009 |
| Grant date | Aug 28, 2012 |
| Priority date | — |
| Expiry date | Nov 13, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/087
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A computer-implemented method transforms transactional data and supply data into a forecast of demand for controlling a commerce system. Goods move between members of a commerce system. Transactional data related to movement of goods between the members of the commerce system is recorded. The transactional data includes customer store, product, time, price, promotion, and merchandizing. Supply data related to movement of goods between the members of the commerce system is recorded. The supply data includes inventory, product, store, and merchandising readily available for purchase. Model parameters are estimated based on the transactional data and supply data using a model to generate a forecast of demand for the goods. The forecast of demand for the goods is provided to a member of the commerce system to control the movement of goods in the commerce system. The forecasts of demand takes into account an out-of-stock condition, price promotion, and promotional lift of the product.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.