Invention Grant
- Patent Title: Pricing and forecasting
- Patent Title (中): 定价和预测
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Application No.: US12504550Application Date: 2009-07-16
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Publication No.: US08676632B1Publication Date: 2014-03-18
- Inventor: Angela Watson , Rebecca Richardson , Anshu Jalora , Wendy Liu , Ryan Hofmann
- Applicant: Angela Watson , Rebecca Richardson , Anshu Jalora , Wendy Liu , Ryan Hofmann
- Applicant Address: US UT Salt Lake City
- Assignee: Overstock.com, Inc.
- Current Assignee: Overstock.com, Inc.
- Current Assignee Address: US UT Salt Lake City
- Agency: Clayton, Howarth & Cannon, P.C.
- Main IPC: G06Q10/00
- IPC: G06Q10/00 ; G06F17/00
Abstract:
The pricing of a product is programmatically defined as a solution to a price optimization equation that includes an in-date constraint and an out-date constraint. The in-date constraint may require that the price established by the price optimization equation be predicted not to exhaust an inventory of the product during a first time interval. The out-date constraint may require that the same price established by the price optimization equation be predicted to exhaust an inventory of the product by the end of a second time interval.
Information query
