Kresimir Mihic

Title: Kresimir Mihic: Innovator in Shelf Space Optimization

Introduction

Kresimir Mihic is a notable inventor based in San Diego, CA. He has made significant contributions to the field of product placement optimization through his innovative patent. His work focuses on enhancing the efficiency of shelf space utilization in retail environments.

Latest Patents

Kresimir Mihic holds a patent for a "Shelf Space Product Placement Optimizer." This system is designed to optimize the placement of products on shelves by receiving decision variables and constraints. It executes a Randomized Search (RS) until an RS solution meets a predetermined improvement threshold. The system then solves a Mixed-Integer Linear Program (MILP) problem, using the RS solution as a starting point to generate a MILP solution. This process is repeated until the MILP solution meets accuracy requirements or time constraints. Ultimately, the system outputs an optimal shelf position and the number of facings for the product.

Career Highlights

Kresimir Mihic is currently employed at Oracle International Corporation, where he applies his expertise in optimization and algorithm development. His innovative approach has positioned him as a key player in enhancing retail product placement strategies.

Collaborations

Kresimir has collaborated with talented individuals such as Andrew Vakhutinsky and David Vengerov. Their combined efforts contribute to the advancement of technology in product placement optimization.

Conclusion

Kresimir Mihic's work in shelf space optimization exemplifies the impact of innovative thinking in retail. His patent demonstrates a commitment to improving product placement efficiency, which is crucial for businesses aiming to maximize sales.