Method for performing market-adapted price planning
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United States of America Patent
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Oct 17, 2006
Grant Date -
Jan 10, 2002
app pub date -
Dec 20, 2000
filing date -
Dec 20, 1999
priority date (Note) -
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status (Latency Note)
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Abstract
A method for performing market-adapted price planning for a plurality of target products including determining a current price for each target product of the target products, obtaining market prices for a plurality of products competitive to each of the target products, calculating a median price of the market prices for products competitive to each of said target products, associating one of a plurality of product price types with each of the target products, determining a set of pricing parameters for each of the product price types, and determining a potential new price for each of the target products based on the pricing parameters for the product price type associated with the target product and the median price for products competitive to the target product.
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