System and Method for Optimizing Retail Fuel Stores

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United States of America Patent

SERIAL NO

14272284

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Abstract

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Multiple retail fuel stores are optimized using system having a computer in communication with a database. Remote computing devices are connected to the first computer by a communication system. Electronic signs receive an instruction over the communication system. The system creates a correlation matrix having fuel prices for the retail fuel stores, a reward discount, and competitor fuel prices, a profit for the fuel prices for each of the retail fuel stores, and a volume. It also creates an economic model that receives a number of correlation coefficients from the correlation matrix at the first computer. A multi-store optimization process configures the economic model to determine optimal fuel prices for retail fuel stores based on a total multi-store profit.

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Patent Owner(s)

Patent OwnerAddress
SKYLINE PRODUCTS INC2903 DELTA DRIVE COLORADO SPRINGS CO 80910

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Keller, John Windsor Manitou Springs, US 1 14

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