Pricing and forecasting
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United States of America Patent
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Mar 18, 2014
Grant Date -
N/A
app pub date -
Jul 16, 2009
filing date -
Jul 16, 2009
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Abstract
The pricing of a product is programmatically defined as a solution to a price optimization equation that includes an in-date constraint and an out-date constraint. The in-date constraint may require that the price established by the price optimization equation be predicted not to exhaust an inventory of the product during a first time interval. The out-date constraint may require that the same price established by the price optimization equation be predicted to exhaust an inventory of the product by the end of a second time interval.
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