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:
Jun. 25, 2019
Filed:
Apr. 14, 2010
Ronald P. Menich, Dunwoody, GA (US);
Dominic Beveridge, San Francisco, CA (US);
Ronald P. Menich, Dunwoody, GA (US);
Dominic Beveridge, San Francisco, CA (US);
JDA Software Group, Inc., Scottsdale, AZ (US);
Abstract
TPO is an industry-neutral price optimization solution that recommends optimal prices by performing a simultaneous evaluation of all network-wide demand and supply considerations. TPO produces an optimal time-phased price profile designed to achieve the greatest return on inventory. An optimizer technique takes the baseline demand forecasts, competitive intelligence, inventory data, and other related parameters and data representing real-world objects, and determines the optimal prices at which the user will achieve the greatest return on inventory. The optimizer technique can be directed to maximize revenues, profits, or market share. TPO produces a recommended price profile, that can be manipulated in an interactive graphical user interface, and illustrates what price must be charged now, and what prices must be charged later in the booking cycle. Using price sensitive forecasting to estimate how price impacts demand, TPO helps users to maximize revenues, profits, or market share. TPO recommends prices by dated-resources or dated DFUs.