Systems, methods and computer program products for modeling demand, supply and associated profitability of a good
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United States of America Patent
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Dec 1, 2009
Grant Date -
Dec 9, 2004
app pub date -
Jun 3, 2003
filing date -
Jun 3, 2003
priority date (Note) -
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Abstract
Systems, methods and computer program products for modeling demand, supply and associated profitability of a good. According to one method, a price sensitivity distribution is determined, and then a market potential distribution of a number of units of the good is determined. Next, a forecasted market is selected according to a Monte Carlo method based upon the market potential distribution, where the forecasted market includes a predefined number of units of the good. A demand and/or supply for the good in the forecasted market is then modeled based upon the price sensitivity distribution and the predefined number of units in the forecasted market. By so modeling demand and/or supply, the method can account for uncertainty in a market for the good, as defined by the number of units of the good purchased and the price at which those units are purchased and/or produced.
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