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:
Mar. 15, 2011
Filed:
Aug. 09, 2005
Sushil Kumar Verma, Redwood City, CA (US);
Robert D. Pierce, Albany, CA (US);
Hau Leung Lee, Los Altos, CA (US);
Charles R. Troyer, New York, NY (US);
Sushil Kumar Verma, Redwood City, CA (US);
Robert D. Pierce, Albany, CA (US);
Hau Leung Lee, Los Altos, CA (US);
Charles R. Troyer, New York, NY (US);
SignalDemand, Inc., San Francisco, CA (US);
Abstract
A profit optimization system takes account of supply-side and demand-side factors in optimizing profit for an organization. The profit optimization system uses an optimization model to optimize profit in a spot market. The model takes into account which parts the organization uses to assemble various products. Demand curves are used to characterize the quantity of each product that will be demanded as a function of price on the spot market. Supply model data is used to determine which mix of products can be sold in view of parts availability. Using the demand model and supply model data, the optimization model can recommend a set of prices to use for selling the organization's products. The model ensures that the organization has sufficient resources available to produce the products and enforces user-supplied business rules and other constraints.