Econometric optimization engine
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United States of America Patent
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Mar 2, 2010
Grant Date -
Apr 10, 2008
app pub date -
Oct 17, 2007
filing date -
Dec 22, 2000
priority date (Note) -
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status (Latency Note)
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Abstract
A preferred set of prices for a plurality of products, generally demand coefficients is provided. Cost data including activity-based costs is also received. A preferred set of prices that will provide a local optimum for the preferred set of prices which maximizes profit is then determined. In one embodiment, a sales model and a cost model are created. A plurality of rules is specified. The preferred set of prices is then determined based on the sales model, the cost model, and the plurality of rules.
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