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:
Feb. 22, 2011
Filed:
Dec. 08, 2005
Vishwamitra S. Ramakrishnan, Belmont, MA (US);
Vishwamitra S. Ramakrishnan, Belmont, MA (US);
Oracle International Corp., Redwood Shores, CA (US);
Abstract
In one such aspect, the invention provides a method for optimizing merchandise profitability that includes the step of modeling gross margin as a function of product breadth and depth for each of at least one class of goods retailed by each of at least one retail site in a group of sites of the retail enterprise, and as a function of the expected discount price for each such class of goods at each such retail site. The method further includes maximizing the gross margin so modeled to the enterprise and, from that maximization, determining for at least one such retail site an optimal breadth, depth, and/or discount price, for at least one such class of goods retailed by it.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile