Computer-implemented product valuation tool
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United States of America Patent
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May 20, 2008
Grant Date -
N/A
app pub date -
Nov 18, 1998
filing date -
Nov 19, 1997
priority date (Note) -
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Abstract
A method of valuing products based on demand probabilities. Products are designed by identifying product components, and combining the components in various combinations to provide standard and non-standard products. Components are valued using an algorithm that considers demand probability as well as known prices of standard products. The component values are added to determine product values and may be used to make pricing and order fulfillment decisions.
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