US Patent No: 7,454,367

Number of patents in Portfolio can not be more than 2000

Dynamic pricing system and method

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ALSO PUBLISHED AS: 20070226064
ATTORNEY / AGENT: (SPONSORED)
 

Importance

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Abstract

A dynamic pricing system and method that enables prices for sellable objects to be dynamically adjusted using pricing factors corresponding to attributes of the sellable objects. Product administrators are enabled to define sellable products and extended attributes for the products, while pricing administrators are enabled to define price lists for the sellable products and extended attributes. Sales representatives build sellable objects, such as quotes, orders, shopping carts, etc, by adding products that customers would like to purchase to the sellable object. Additionally, extended attributes may be selected for all or a portion of the products. Using Static Pricing, an initial or static price is determined for the sellable objects. The static price may then be dynamically adjusted prior to or at the point of a sales transaction or offer using pricing factors corresponding to combinations of various attributes of the sellable object and/or products from which it is built.

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First Claim

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Patent Owner(s)

Patent OwnerAddressTotal Patents
SIEBEL SYSTEMS, INC.SAN MATEO, CA266

International Classification(s)

  • [Classification Symbol]
  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Govil, Piyush Redwood City, CA 6 11
Hsu, Karen Howard, CA 6 106
Li, Michael Zhen Hao San Francisco, CA 1 4
Nicholson, Catheryne M San Carlos, CA 2 10
Ra, Do Joon Mountain View, CA 12 56
Tan, Yan Foster City, CA 2 11
Yu, Jai-Jein Fremont, CA 5 68
Yu, Michael Tsunghsi San Jose, CA 3 44

Cited Art

Patent Info (Count) # Cites Year
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (2)
7,099,833 Dynamic pricing system and method for electronic stores 4 2000
2004/0015,415 System, program product, and method for comparison shopping with dynamic pricing over a network 47 2003
 
GILBARCO INC. (1)
6,904,592 Software download system for automatic retrieval of warranty and commission data 37 2000
 
JDA SOFTWARE GROUP, INC (1)
6,934,686 Warranty transaction system and method 8 2000
 
NEC CORPORATION (1)
2002/0046,128 Automatic pricing method and device 11 2001
 
ORBIDEX (1)
2002/0013,781 System and method of searchin and gathering information on-line and off-line 34 2001
 
SCHLUMBERGER TECHNOLOGY CORPORATION (1)
2003/0135,429 Custom engineered product system and process 6 2002
 
SELECTICA, INC. (1)
2004/0267,676 Method and apparatus for optimizing product distribution strategies and product mixes to increase profitability in complex computer aided pricing of products and services 33 2003
 
SONY COMPUTER ENTERTAINMENT INC. (1)
2001/0034,685 Selling price managing system and method therefor 1 2001
 
TRAVELPORT OPERATIONS, INC. (1)
6,076,070 Apparatus and method for on-line price comparison of competitor's goods and/or services over a computer network 108 1998
 
VERSATA DEVELOPMENT GROUP, INC. (1)
6,553,350 Method and apparatus for pricing products in multi-level product and organizational groups 53 1999
 
OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (3)
6,976,006 Method and apparatus for presenting price comparison to prospective buyers 20 2000
2005/0021,440 Integrated dynamic pricing and procurement support for e-commerce advertising channels 5 2003
2004/0199,435 Method and apparatus for remote location shopping over a computer network 17 2004

Patent Citation Ranking

Forward Cites

Patent Info (Count) # Cites Year
 
GMMARKET INC. (1)
8,352,330 Method, medium, and system for returning cash points to a user in response to a purchase request 0 2009
 
INTERNATIONAL BUSINESS MACHINES CORPORATION (1)
8,244,554 System, method, and apparatus for managing price information with locking mechanisms 0 2009
 
PRICEMETRIX, INC. (1)
7,945,496 Reference price framework 0 2006
 
OTHER [CHECK PATENT PROFILE FOR ASSIGNMENT INFORMATION] (1)
8,442,861 Multi-dimensional price determination 0 2010

Maintenance Fees

Fee Large entity fee small entity fee micro entity fee due date
7.5 Year Payment $3600.00 $1800.00 $900.00 May 18, 2016
11.5 Year Payment $7400.00 $3700.00 $1850.00 May 18, 2020
Fee Large entity fee small entity fee micro entity fee
Surcharge - 7.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00