Spot market profit optimization system
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United States of America Patent
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Mar 15, 2011
Issued Date -
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app pub date -
Aug 9, 2005
filing date -
Aug 9, 2005
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Abstract
A profit optimization system takes account of supply-side and demand-side factors in optimizing profit for an organization. The profit optimization system uses an optimization model to optimize profit in a spot market. The model takes into account which parts the organization uses to assemble various products. Demand curves are used to characterize the quantity of each product that will be demanded as a function of price on the spot market. Supply model data is used to determine which mix of products can be sold in view of parts availability. Using the demand model and supply model data, the optimization model can recommend a set of prices to use for selling the organization's products. The model ensures that the organization has sufficient resources available to produce the products and enforces user-supplied business rules and other constraints.
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