Automated item pricing

US8676631B2 · kind B2 · utility

Assignee

• International Business Machines Corporation · US

Inventors

• Jayanta Basak · New Delhi, IN
• Prashant Jain · Northglenn, US
• Gyana Ranjan Parija · Poughkeepsie, US
• Anupam Saronwala · New Delhi, IN

Key dates

• Filing date: Feb 3, 2009
• Grant date: Mar 18, 2014
• Expiry date: Jan 11, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0204
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Techniques for automated pricing of an item are provided. The techniques include obtaining historical data of one or more previous purchases for the item, performing a regression on the historical data, and using the regression to obtain a buying price and a selling price for the item.