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:
Jul. 24, 2007
Filed:
Nov. 30, 2001
John Close, San Francisco, CA (US);
Phil Delurgio, Walnut Creek, CA (US);
Hau Lee, Los Altos, CA (US);
Michael Neal, San Francisco, CA (US);
Rob Parkin, San Francisco, CA (US);
Suzanne Valentine, Atlanta, GA (US);
Krishna Venkatraman, Menlo Park, CA (US);
John Close, San Francisco, CA (US);
Phil Delurgio, Walnut Creek, CA (US);
Hau Lee, Los Altos, CA (US);
Michael Neal, San Francisco, CA (US);
Rob Parkin, San Francisco, CA (US);
Suzanne Valentine, Atlanta, GA (US);
Krishna Venkatraman, Menlo Park, CA (US);
Demandtec Inc., San Carlos, CA (US);
Abstract
A method for optimizing the prices of products for sale. The method includes utilizing a computer-based scenario/results processor within an optimization server to present a sequence of data entry templates to a user, whereby the user specifies an optimization scenario, and whereby the user is enabled to prescribed and prioritize rules for the optimization scenario; within the optimization server, optimizing the prices according to market demand for the products and demand chain costs for the products; and generating a plurality of optimization results templates and providing these templates to the user, wherein the optimum prices are presented. The optimizing includes estimating the market demand and calculating the demand chain costs for the products; selectively limiting the number of prices that are optimized by said optimizing; and, up to a limit, progressively relaxing lower priority rules that contribute to a conflict in order to render the optimizing feasible.