System and method for markdown optimization
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United States of America Patent
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Aug 16, 2011
Grant Date -
N/A
app pub date -
Nov 8, 2007
filing date -
Apr 10, 2007
priority date (Note) -
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Abstract
Computer-implemented systems and methods for identifying markdown prices for items. As an example, a system and method can include identifying for each item an optimal markdown plan containing a markdown price for the item. Also, the method and system can be configured to identify for each item an optimal delay plan. For each item, a delay cost and a markdown spend are calculated, and a comparison is performed of the item's delay cost with respect to the item's markdown spend. The comparison is used to determine whether to mark down an item based upon the item's determined markdown price.
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