Invention Grant
- Patent Title: Product pricing optimization system
- Patent Title (中): 产品定价优化系统
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Application No.: US12987549Application Date: 2011-01-10
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Publication No.: US08645191B2Publication Date: 2014-02-04
- Inventor: Shivaram Subramanian
- Applicant: Shivaram Subramanian
- Applicant Address: US CA Redwood Shores
- Assignee: Oracle International Corporation
- Current Assignee: Oracle International Corporation
- Current Assignee Address: US CA Redwood Shores
- Agency: Miles & Stockbridge P.C.
- Main IPC: G06Q10/00
- IPC: G06Q10/00 ; G06Q30/00 ; G06F17/00 ; G06G7/00
Abstract:
A product pricing system determines a product price. The system receives product pricing constraints and multinomial logit (“MNL”) calibration parameters. The system then generates a calibrated MNL model using the calibration parameters and encodes the MNL model and the product pricing constraints into a mixed-integer program (“MIP”). The system then solves the MIP to generate the product price.
Public/Granted literature
- US20120130726A1 PRODUCT PRICING OPTIMIZATION SYSTEM Public/Granted day:2012-05-24
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