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. 26, 2013
Filed:
Aug. 18, 2010
Xin Xin Bai, Beijing, CN;
Jin Dong, Beijing, CN;
Ta-hsin LI, Danbury, CT (US);
Hai Rong LV, Beijing, CN;
Wen Jun Yin, Beijing, CN;
Bin Zhang, Beijing, CN;
Xin Xin Bai, Beijing, CN;
Jin Dong, Beijing, CN;
Ta-Hsin Li, Danbury, CT (US);
Hai Rong Lv, Beijing, CN;
Wen Jun Yin, Beijing, CN;
Bin Zhang, Beijing, CN;
International Business Machines Corporation, Armonk, NY (US);
Abstract
A system, method and computer program product for providing the ability for retailers to devise a current channel strategy (e.g., adaptive price setting) that considers competitors in a dynamic competing environment, and that enables computing a competitive advantage of a channel. To estimate a price for selling a product j in a commerce channel comprises: a) receiving, at a processor device, real market data including sales and price history data of a product j sold by one or more retailers over one or alternate sales channels t; generating, by the processor device, a competitive advantage parameter value based on the sales and price history data; and, computing, utilizing the competitive advantage parameter value, an optimum price for a particular product to be marketed in one of the one or alternate sales channel.