Importance

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Abstract

Computer-implemented systems and methods generate a near-optimum product markdown plan for a plurality of uniform pricing levels having a required inventory sell-through target over all of the plurality of uniform pricing levels. A plurality of feasible markdown schedules are generated for the uniform pricing level, where each of the plurality of feasible markdown schedules meets all individual constraints for the uniform pricing level. All dominated feasible markdown schedules are removed for the uniform pricing level to generate one or more candidate markdown schedules for the uniform pricing level. A near-optimum product markdown plan is generated, where generating the near-optimum product markdown plans includes executing a limited exact algorithm solver for a plurality of iterations, and executing a dynamic programming solver if no product markdown plan generated by the limited exact algorithm solver is within the threshold percentage of the revenue upper bound.

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First Claim