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. 04, 2011
Filed:
Jul. 28, 2006
Kenneth J. Ouimet, Scottsdale, AZ (US);
Kenneth J. Ouimet, Scottsdale, AZ (US);
SAP AG, Walldorf, DE;
Abstract
A computer-implemented method involves modeling of product decisions in a retail store. The product decision variables are profit, assortment, placement, promotion, and inventory. Various rules and constraints such as facing elasticity, shelf replenishment costs, shelf space, carrying costs, facing capacity, slotting fees, and cannibalization are defined for multiple product decision variables. An objective function utilizes the rules and constraints for the multiple product decision variables. The objective function model is resolved by uses nested loops to solve for a first variable, and then using the first variable to solve for a second variable. Each decision variable in the objective function is controllable by externally determined multipliers. The objective function simultaneously models each of the multiple product decision variables by iteratively resolving the objective function into values which optimize sales, revenue, and profit for the retail store. The model is output in graphic format.