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:
Oct. 13, 2009
Filed:
Aug. 07, 2003
Kenneth J. Ouimet, Scottsdale, AZ (US);
Kenneth J. Ouimet, Scottsdale, AZ (US);
SAP AG, Walldorf, DE;
Abstract
A demand control process () includes a price-image computation subprocess () and an optimization subprocess (). The price-image computation subprocess () tunes a demand model to both price () and non-price () demand-parameters. Baseline and trial pricing scenarios () are then compiled for a selected set () of products and operated upon by the demand model to forecast demand () at the specified prices. Revenues () are calculated at the baseline pricing scenario () using the forecast demand (), and the revenues () are used to calculate weights for compiling summary statistics over the set () of products. Price image is then calculated using the values forecast by the demand model so that the resulting price image is responsive to price and non-price demand parameters ().