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:
Jan. 13, 2026
Filed:
Apr. 07, 2023
Walmart Apollo, Llc, Bentonville, AR (US);
Huidong Zhang, Cupertino, CA (US);
Akshit Sarpal, Santa Clara, CA (US);
Elliot Grenn Silva, New York, NY (US);
Fangjing Fu, Bentonville, AR (US);
Fangping Huang, Sunnyvale, CA (US);
Yang Song, San Bruno, CA (US);
Weihang Ren, Foster City, CA (US);
Lijie Wan, Mountain View, CA (US);
Walmart Apollo, LLC, Bentonville, AR (US);
Abstract
Systems and methods for dynamically and automatically updating item prices on e-commerce platform are disclosed. In some embodiments, an item is offered for purchase with a current price on a website. When price elasticity data and predicted demand data for the item are both available, a first markdown price is generated for the item using a first model based on: the price elasticity data, the predicted demand data, and the current price. When the price elasticity data and the predicted demand data are not both available, a second markdown price is generated for the item using a second model based on: a decay rate, the current price, and availability of the predicted demand data. A bounded price is generated by applying an upper bound and a lower bound to either the first markdown price or the second markdown price; and transmitted to a computing device for updating the current price of the item on the website.