Company Filing History:
Years Active: 2008-2011
Title: Innovations by Alex Wohlhueter
Introduction
Alex Wohlhueter is an accomplished inventor based in Riverview, FL (US). He has made significant contributions to the field of retail and restaurant site selection and pricing strategies. With a total of 2 patents, Wohlhueter's work focuses on enhancing the decision-making processes for businesses in the retail sector.
Latest Patents
Wohlhueter's latest patents include a "Method for site selection for retail and restaurant chains." This innovative method utilizes a comprehensive database of existing units, including sales data, site characteristics, and marketing expenditures. By forecasting potential sales without the influence of existing advertising programs, this method allows for more informed site selection and marketing allocation decisions.
Another notable patent is the "Method for determining retail unit specific price sensitivities." This method establishes a price sensitivity index for retail units by analyzing the relationship between profits, sales, and a fixed weight price index. Utilizing statistical regression, this approach enables businesses to categorize stores based on their price sensitivity and responsiveness to promotions.
Career Highlights
Wohlhueter is currently employed at Revenue Management Solutions, Inc., where he applies his expertise in retail management and pricing strategies. His innovative approaches have garnered attention in the industry, making him a valuable asset to his company.
Collaborations
Wohlhueter has collaborated with notable colleagues, including Thomas Kelly and Nicholas M Kiefer. Their combined efforts contribute to the advancement of retail management solutions.
Conclusion
Alex Wohlhueter's innovative patents and career achievements highlight his significant impact on the retail industry. His methods for site selection and pricing sensitivity are paving the way for more effective business strategies.