Subset optimization system
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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Jan 25, 2011
Grant Date -
N/A
app pub date -
Nov 30, 2001
filing date -
Dec 20, 2000
priority date (Note) -
Expired
status (Latency Note)
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Abstract
A method for computing a preferred set of prices for products in a subset of a plurality of products is provided. Generally, initial prices for a plurality of products are stored. A subset of products of the plurality of products is designated, where the number of products in the subset of products is less than the number of products in the plurality of products. A demand model is created based on Bayesian modeling. Prices for the products in the subset of products are optimized, while maintaining the initial prices of products of the plurality of products that are not in the subset of products, wherein the optimization uses a grid method to determine the optimized prices.
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