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
An apparatus is provided for determining optimum prices of products for sale. The apparatus includes a scenario/results processor through which a user prescribes an optimization scenario, and through which optimum prices are presented to the user. The optimum prices are determined by execution of the optimization scenario, where the optimum prices are determined based upon estimated product demand and calculated activity based costs. The scenario/results processor has an input/output processor and a scenario controller. The input/output processor acquires data corresponding to the optimization scenario from the user, and distributes optimization results to the user. The scenario controller is coupled to the input/output processor. The scenario controller controls acquisition of the data and the distribution of the optimization results in accordance with a price optimization procedure. The price optimization procedure enables the user to selectively prescribe the subset of the products for sale.