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:
Aug. 25, 2020
Filed:
Sep. 09, 2019
International Business Machines Corporation, Armonk, NY (US);
Pavithra Harsha, White Plains, NY (US);
Shivaram Subramanian, New Fairfield, CT (US);
International Business Machines Corporation, Armonk, NY (US);
Abstract
System and method for omni-channel retailer operations that integrate a network of brick-and-mortar stores with their online channel. The system and method includes calibrating a demand model for both brick-and-mortar sales and on-line channels over which a product is sold, the calibrating based upon a cross-channel fulfillment-aware inventory effect. An omni-channel sales prediction and fulfillment model is then constructed based on the calibrated demand model. Using constructed linear demand and revenue models, a plan is generated to optimize one or more: allocating of the product across physical stores, partitioning of the product for sales, and pricing of the product. Customer choices are jointly modeled across channels to allow switching, and a ship-from-store (SFS) inventory effect feature only for brick choice is applied to capture asymmetry. Inventory decision variables are introduced into an omni-channel pricing formulation to manage SFS-effect induced non-convexity and specific reformulations applied to recover a linear MIP.