Joint pricing and replenishment of freshness inventory
US8843404B2 · kind B2 · utility
6Cited by
0References
18Claims
0Family size
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Key dates
| Filing date | Apr 4, 2012 |
| Grant date | Sep 23, 2014 |
| Priority date | — |
| Expiry date | Aug 24, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/087
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Joint pricing and replenishment of freshness inventory or products having different qualities determines the joint pricing and inventory strategies to optimize the retailer's benefits from product freshness, employing a dynamic programming formulation that incorporates a demand model that captures consumer choice based on both the freshness and price.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.