Systems and methods for markdown optimization when inventory pooling level is above pricing level
US8271318B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 26, 2009 |
| Grant date | Sep 18, 2012 |
| Priority date | — |
| Expiry date | Sep 14, 2030 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Computer-implemented systems and methods generate a near-optimum product markdown plan for a plurality of uniform pricing levels having a required inventory sell-through target over all of the plurality of uniform pricing levels. A plurality of feasible markdown schedules are generated for the uniform pricing level, where each of the plurality of feasible markdown schedules meets all individual constraints for the uniform pricing level. All dominated feasible markdown schedules are removed for the uniform pricing level to generate one or more candidate markdown schedules for the uniform pricing level. A near-optimum product markdown plan is generated, where generating the near-optimum product markdown plans includes executing a limited exact algorithm solver for a plurality of iterations, and executing a dynamic programming solver if no product markdown plan generated by the limited exact algorithm solver is within the threshold percentage of the revenue upper bound.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.