The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Oct. 09, 2018
Filed:
Nov. 23, 2011
Andrew Vakhutinsky, Norwood, MA (US);
Ngai-hang Zachary Leung, Cambridge, MA (US);
Andrew Vakhutinsky, Norwood, MA (US);
Ngai-Hang Zachary Leung, Cambridge, MA (US);
ORACLE INTERNATIONAL CORPORATION, Redwood Shores, CA (US);
Abstract
A system for determining product pricing for a product category receives a non-linear problem for the product category, in which the non-linear problem includes a demand model. For a plurality of pair of products in the product category, the system determines coefficients for a change in demand of a first product when a price of a second product is changed. The system then generates an approximate Mixed Integer Linear Programming ('MILP') problem that includes a change of demand based on a sum of the determined coefficients. The system then solves the MILP problem to obtain a MILP solution, which provides the product pricing.