Patent №
US 7,877,286
Granted
2011-01-25
Filed 2001
Owner
DEMANDTEC INC.
Lab
—
AI components
4
ml · planning · evo · hardware
Assignment
Recorded
Dataset
AIPD
2023_r1 edition
Application
10006608
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.
AI classification
Ownership
DEMANDTEC INC.
assignment · 126900496
Assignors
NEAL, MICHAEL, VENKATRAMAN, KRISHNA, PARKIN, ROB, VALENTINE, SUZANNE, DELURGIO, PHIL, LEE, HAU
On an employer assignment, the assignors are typically the inventors.