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:
Apr. 21, 2009
Filed:
Dec. 20, 2000
Michael Neal, San Francisco, CA (US);
Krishna Venkatraman, Menlo Park, CA (US);
Suzanne Valentine, Atlanta, GA (US);
Phil Delurgio, Dana Point, CA (US);
Hau Lee, Los Altos, CA (US);
Michael Neal, San Francisco, CA (US);
Krishna Venkatraman, Menlo Park, CA (US);
Suzanne Valentine, Atlanta, GA (US);
Phil Delurgio, Dana Point, CA (US);
Hau Lee, Los Altos, CA (US);
Demandtec, Inc., San Carlos, CA (US);
Abstract
A method for determining a preferred set of prices for a plurality of products is provided. Generally, a sales model is created. A cost model is also created. A preferred set of prices for the plurality of products based on the sales model and cost model is then generated. An apparatus for computing a preferred set of prices for a plurality of products is provided. An econometric engine for modeling sales as a function of price to create a sales model is provided. A financial model engine for modeling costs to create a cost model is provided. An optimization engine is coupled to the econometric engine and financial model engine to receive input from the econometric engine and financial model engine, wherein the optimization engine generates the preferred set of prices.