PERSONALIZED PRICING FOR OMNI-CHANNEL RETAILERS WITH APPLICATIONS TO MITIGATE SHOWROOMING
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United States of America Patent
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app pub date -
May 28, 2014
filing date -
Oct 4, 2013
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
Computing a personalized deal menu for a seller may be provided. The seller may operate one or more sales channels. A customer's willingness to wait in purchasing based on purchasing history of a customer may be determined. A purchase probability model that predicts a likelihood of the customer performing a purchase now compared to waiting to make the purchase may be formulated. A personalized price menu optimization model with one or more rules as constraints that jointly determines multiple prices, a price corresponding to a different purchase option with different lead time, may be solved. The personalized deal menu may be generated based on the solving.
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Family
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Cited Art Landscape
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