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. 05, 2011
Filed:
Sep. 05, 2007
Keshava Rangarajan, Foster City, CA (US);
Saurabh Thapliyal, San Mateo, CA (US);
Sharad Santhanam, San Carlos, CA (US);
Keshava Rangarajan, Foster City, CA (US);
Saurabh Thapliyal, San Mateo, CA (US);
Sharad Santhanam, San Carlos, CA (US);
Oracle International Corporation, Redwood Shores, CA (US);
Abstract
Systems and methods in accordance with various embodiments of the present invention provide for a system and method for simultaneous price optimization and asset allocation to maximize manufacturing profits. In one embodiment, a set of price points for the item and a set of expected demand values for each price point are determined. A supply-side constraint which models inventory, replenishment, and capacities associated with replenishment and a joining constraint, which requires that the set of expected demand values be equal to a planned supply of the item, are determined. A demand-side constraint is determined. Further, an objective function to maximize profits is determined, based on the set of price points, the set of expected demand values, and subject to the supply-side, joining, and demand-side constraints. Based on the objective function, an optimal price profile for the item is provided.