Prashandt Narayan Balepur

Title: Innovations by Prashandt Narayan Balepur

Introduction

Prashandt Narayan Balepur is an accomplished inventor based in San Jose, California. He holds two patents that showcase his expertise in pricing optimization systems. His innovative work has contributed significantly to the field of pricing strategies and promotional evaluations.

Latest Patents

One of his latest patents is the "Configurable Pricing Optimization System." This invention provides a configurable pricing system that allows users to define or modify data used to analyze, evaluate, improve, and design pricing changes according to their needs. A graphical user interface enables users to access and review various data for pricing optimization. Users can modify this data to enhance pricing evaluations, including defining sales trends and relationships between products. The interface also displays changes in pricing and their effects based on user modifications. Additionally, users can adjust the mathematical model used during price optimization, defining variables, constraints, and boundaries.

Another significant patent is the "Promotion Pricing System and Method." This system produces evaluations to analyze, evaluate, improve, and design promotions. It generates promotion price evaluations and recommendations for each promotion related to a target product while analyzing competing products. The computerized promotion pricing system includes various modules that cooperate to implement statistical market response estimations, providing stable information on customer responses to promotions. These modules include product segmentation, incentive translation, customer segmentation, data aggregation, model selection, calibration, evaluation, constraints generation, cost structure, optimization, market channel performance, and alert functionalities.

Career Highlights

Prashandt has worked with notable companies such as JDA Software Group, Inc. and Manugistics Inc. His experience in these organizations has allowed him to refine his skills in pricing systems and market analysis.

Collaborations

Throughout his career, Prashandt has collaborated with professionals like Dean Weldon Boyd and Henry Samuel Schwarz. These collaborations have contributed to the development of his innovative solutions in pricing optimization.

Conclusion

Prashandt Narayan Balepur is a notable inventor whose contributions to pricing optimization systems have made a significant impact in the industry. His patents reflect his commitment to enhancing pricing strategies and promotional evaluations.