Invention Grant
- Patent Title: Systems and methods for improved calculation of coefficient for price sensitivity
- Patent Title (中): 改进价格敏感度系数计算的系统和方法
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Application No.: US13009112Application Date: 2011-01-19
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Publication No.: US08412559B2Publication Date: 2013-04-02
- Inventor: Warren Eastman Hearnes, II
- Applicant: Warren Eastman Hearnes, II
- Applicant Address: US GA Atlanta
- Assignee: United Parcel Service of America, Inc.
- Current Assignee: United Parcel Service of America, Inc.
- Current Assignee Address: US GA Atlanta
- Agency: Alston & Bird, LLP
- Main IPC: G06Q30/00
- IPC: G06Q30/00 ; G06Q10/00

Abstract:
Various embodiments of the present invention provide systems, methods, and computer program products for calculating a sufficiently accurate coefficient for price sensitivity to use in a target pricing system. In general, various embodiments of the invention involve providing an expanded data set by adding shadow data to a historical bid data set that allows a logistic regression approach to mathematically calculate the coefficient for price sensitivity with greater accuracy.
Public/Granted literature
- US20120185347A1 SYSTEMS AND METHODS FOR IMPROVED CALCULATION OF COEFFICIENT FOR PRICE SENSITIVITY Public/Granted day:2012-07-19
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