Price optimization using current offers
US8412560B1 · kind B1 · utility
10Cited by
1References
26Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Mar 5, 2010 |
| Grant date | Apr 2, 2013 |
| Priority date | — |
| Expiry date | Mar 9, 2031 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Disclosed are various embodiments for optimizing prices of items using current offers. Numerous current offers to sell an item are determined from a subset of sellers in an electronic marketplace. Each one of the subset of sellers is associated with a respective reputational score that meets a minimum threshold. A competitive price is generated for the item based at least in part on an average marketplace price determined from the current offers.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.