Patents by Inventor Paritosh Desai
Paritosh Desai has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 11055640Abstract: The present invention relates to a system and method for generating business decisions. Embodiments of this system and method receive customer transaction data and additional information (cumulatively referred to as ‘modeling data’). This data is utilized to generate a product decision tree which models consumer purchasing decisions as a tree structure. The product decision tree may be utilized by the system to analyze demand for a given leaf (product) in association with other related products. In some embodiments, customers are segmented into groupings of customers who have similar attributes, including similar shopping behaviors. Customer insights are generated for the customer segments. The customer insights and the product decision tree are used to generate business plans, which may then be provided to a store for implementation. These plans may include a product assortment plan, an everyday pricing plan, a promotional plan, and a markdown plan.Type: GrantFiled: December 2, 2019Date of Patent: July 6, 2021Assignee: Acoustic, L.P.Inventors: Paritosh Desai, Kamal Gajendran
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Publication number: 20200104765Abstract: The present invention relates to a system and method for generating business decisions. Embodiments of this system and method receive customer transaction data and additional information (cumulatively referred to as ‘modeling data’). This data is utilized to generate a product decision tree which models consumer purchasing decisions as a tree structure. The product decision tree may be utilized by the system to analyze demand for a given leaf (product) in association with other related products. In some embodiments, customers are segmented into groupings of customers who have similar attributes, including similar shopping behaviors. Customer insights are generated for the customer segments. The customer insights and the product decision tree are used to generate business plans, which may then be provided to a store for implementation. These plans may include a product assortment plan, an everyday pricing plan, a promotional plan, and a markdown plan.Type: ApplicationFiled: December 2, 2019Publication date: April 2, 2020Applicant: Acoustic, L.P.Inventors: Paritosh Desai, Kamal Gajendran
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Patent number: 10496938Abstract: The present invention relates to a system and method for generating business decisions. Embodiments of this system and method receive customer transaction data and additional information (cumulatively referred to as ‘modeling data’). This data is utilized to generate a product decision tree which models consumer purchasing decisions as a tree structure. The product decision tree may be utilized by the system to analyze demand for a given leaf (product) in association with other related products. In some embodiments, customers are segmented into groupings of customers who have similar attributes, including similar shopping behaviors. Customer insights are generated for the customer segments. The customer insights and the product decision tree are used to generate business plans, which may then be provided to a store for implementation. These plans may include a product assortment plan, an everyday pricing plan, a promotional plan, and a markdown plan.Type: GrantFiled: November 26, 2009Date of Patent: December 3, 2019Assignee: Acoustic, L.P.Inventors: Paritosh Desai, Kamal Gajendran
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Patent number: 10204349Abstract: The present invention relates to a system and method for customer segment analysis. The system receives customer transaction data for the generation of segments, including point of sales data and customer identification information. Errors in the data may be resolved. Then, individual customers may be segmented by statistically relevant groups. The segmentation of consumers may be accomplished by comparing data of known customers to known segments. Unknown customers, new customers and point of sales data which is missing customer data may also be segmented via statistical similarity to known segments. Using the customer segments, segment wide point of sale data may be generated. This data may then be aggregated by consumer groups. Consumer groups may include by household or other communal purchasing entity. The aggregated segment data may be validated and transformed for outputting to the optimization system. The price optimization system may the use the segment data for generation of preferred prices.Type: GrantFiled: September 25, 2009Date of Patent: February 12, 2019Assignee: International Business Machines CorporationInventors: Sean McCauley, Paul Algren, Paritosh Desai, Steve Colten, Rob Parkin, Suzanne Valentine, Craig Silverman
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Publication number: 20180315059Abstract: Methods and systems for managing an item assortment from among a collection of heterogeneous items are disclosed. One method includes receiving item data associated with the collection of heterogeneous items that defines values for a plurality of item attributes, and calculating a score for a degree of substitutability between items. A community detection algorithm is applied to edge weights that are based on the scores between items, to identify substitution groups among the items. Preferred attributes common to items within the substitution groups are found, and an item assortment is updated based on a determination of substitutability among items in at least one of the substitution groups.Type: ApplicationFiled: April 28, 2017Publication date: November 1, 2018Inventors: RAMASUBBU VENKATESH, PARITOSH DESAI, BHARATH RANGARAJAN, APARUPA DASGUPTA, SHUBHANKAR RAY, LUYEN LE, SRIKANTH RYALI, VENKATARAMANA KINI, KASTURI BHATTACHARJEE, DEEPALAKSHMI GOPINATH, JESSE BERWALD
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Patent number: 9773250Abstract: The present invention relates to a system and method for analyzing product roles. The system receives a listing of products for classification into roles. The system receives volume data for each item, as well as demand coefficient. Elasticity of the products may be determined from the demand coefficients. Product volumes and elasticities may then be compared against one another by graphing the product by its volume versus elasticity. From this comparison the products may be classified into one or more roles. These roles include image items, niche products, assortment completers, and profit drivers. The assortment completer role is populated with products which have high relative elasticity and low relative volume. Niche product role is populated with products which have low relative elasticity and low relative volume. The image item role is populated with products which have high relative elasticity and high relative volume.Type: GrantFiled: May 4, 2010Date of Patent: September 26, 2017Assignee: INTERNATIONAL BUSINESS MACHINES CORPORATIONInventors: Sean McCauley, Steve Colten, Sean Kervin, Paritosh Desai, Howard Yihzan Wu, Jason Lee Gunnink, Phil Delurgio, Stephanie Taylor Delurgio
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Patent number: 9165270Abstract: The present invention relates to a system and method for customer retention. Historical transaction and customer data may be received from stores. Likewise, recent customer transaction data may be received from the stores. The transactions are linked to each customer. Attriters, historical customers who discontinued shopping, are identified. Next, risk factors for attrition may be identified by examining the attriters' transaction history for commonalities. From the risk factors a loss model may be generated. The loss model may be used, in conjunction with current transaction data, to generate the likelihood of loss for each of the current customers, which may then be reported. Retention measures may be generated for each customer by comparing the customer's transactions to the loss model and the risk factors. The retention measures may be outputted to the stores, and a price optimization system. Likewise, the retention measures may be validated by comparing actual customer loss to the loss model.Type: GrantFiled: April 25, 2009Date of Patent: October 20, 2015Assignee: International Business Machines CorporationInventors: Jonathan Dickinson, Paritosh Desai
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Patent number: 8639558Abstract: An apparatus for providing relative optimized pricing for markdown items is provided. A financial engine for determining revenue for determining sales costs is provided. An optimization engine receiving input from the financial engine and uses the determined sales costs to provide relative optimized pricing for markdown items and provides pricing and a promotion calendar for non-markdown items.Type: GrantFiled: September 25, 2006Date of Patent: January 28, 2014Assignee: International Business Machines CorporationInventors: Paritosh Desai, Rob Parkin, John Crowther, David Davtian, France Savard, Krishna Venkatraman, Chi-Yi Kuan, Fedor Dzegilenko
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Patent number: 8140381Abstract: A system and method for merchandising decomposition analysis (MDA), useful with stores, is provided. Econometric models are generated for product sales and are used to set pricing. Price setting may include optimizing prices. Point of sales data is collected from the stores, and benefits forecasts are generated and displayed. Benefit forecasts includes generating compliance, generating optimization benefit and generating level benefits. Generating optimization benefit includes at least one of differential benefit analysis, authorized benefit analysis and testable benefit analysis. The differential benefit analysis includes old/new cost method, cost neutral method and ignore cost method. Benefit forecasts generally include determining pre- and post-optimization price of the products, determining pre- and post-optimization costs, generating pre- and post-optimization forecasted units, calculating forecasted pre- and post-optimization profit, generate raw profit benefit, and calibrate raw profit benefit.Type: GrantFiled: September 20, 2007Date of Patent: March 20, 2012Assignee: DemandTec, Inc.Inventors: Howard Yihzan Wu, Sean Kervin, Jason Lee Gunnink, Suzanne Noel Valentine, Paritosh Desai
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Patent number: 8010404Abstract: A system and method for price and promotion response analysis is provided. Such a system is useful for a business to analyze the forecasted lifts associated with changes in price and promotion activity. The system sets the configuration of the response report, which includes price change and promotion change intervals. Promotions include temporary price reductions, displays, ads and multiples. Modeling data is received for the products. Forecasts, both non-cannibalistic and cannibalistic, are generated for the sales of the products dependent upon the price change and promotion change intervals. Forecasts include at least one of product forecasts, demand group forecasts, line level forecasts and category level forecasts. Suspect forecasts below a minimum confidence may be flagged. Confidence matrices may be generated which reflect accuracy of the forecasts. The response report may be generated by collecting the forecasts and the confidence matrices according to the configuration of the response report.Type: GrantFiled: October 31, 2007Date of Patent: August 30, 2011Assignee: DemandTec, Inc.Inventors: Howard Yihzan Wu, Sean Kervin, Jason Lee Gunnink, Suzanne Noel Valentine, Paritosh Desai
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Publication number: 20100306031Abstract: The present invention relates to a system and method for analyzing product roles. The system receives a listing of products for classification into roles. The system receives volume data for each item, as well as demand coefficient. Elasticity of the products may be determined from the demand coefficients. Product volumes and elasticities may then be compared against one another by graphing the product by its volume versus elasticity. From this comparison the products may be classified into one or more roles. These roles include image items, niche products, assortment completers, and profit drivers. The assortment completer role is populated with products which have high relative elasticity and low relative volume. Niche product role is populated with products which have low relative elasticity and low relative volume. The image item role is populated with products which have high relative elasticity and high relative volume.Type: ApplicationFiled: May 4, 2010Publication date: December 2, 2010Inventors: Sean McCauley, Steve Colten, Sean Kervin, Paritosh Desai, Howard Yihzan Wu, Jason Lee Gunnink, Phil Delurgio
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Publication number: 20100228604Abstract: The present invention relates to a system and method for generating demand groups. The demand groups may then be fed to downstream pricing optimization and/or business decision systems. The system receives demand group modeling data including a product listing, point of sales data, available econometric data and product information. Attributes may then be assigned to the products based upon product identifiers, size, flavor, brand, and product descriptions utilizing natural language processing. The products may then be clustered according to the attributes and point of sales data utilizing any of hierarchical clustering, k-means clustering, locality sensitive hashing, QT clustering, EM algorithms and model based clustering. One or more decision trees may be generated for the product listings using the point of sales data. Demand rules may be received, which may be applied to the product clusters and the decision trees to generate demand groups.Type: ApplicationFiled: March 9, 2010Publication date: September 9, 2010Inventors: Paritosh Desai, Kamal Gajendran
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Publication number: 20100145773Abstract: The present invention relates to a system and method for generating business decisions. Embodiments of this system and method receive customer transaction data and additional information (cumulatively referred to as ‘modeling data’). This data is utilized to generate a product decision tree which models consumer purchasing decisions as a tree structure. The product decision tree may be utilized by the system to analyze demand for a given leaf (product) in association with other related products. In some embodiments, customers are segmented into groupings of customers who have similar attributes, including similar shopping behaviors. Customer insights are generated for the customer segments. The customer insights and the product decision tree are used to generate business plans, which may then be provided to a store for implementation. These plans may include a product assortment plan, an everyday pricing plan, a promotional plan, and a markdown plan.Type: ApplicationFiled: November 26, 2009Publication date: June 10, 2010Inventors: Paritosh Desai, Kamal Gajendran
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Publication number: 20100010870Abstract: The present invention relates to a system and method for tuning demand coefficients. Transaction data for product categories is received from a store(s). Price elasticity and uncertainty values are selected for the product categories. This transaction data may be seeded with generic price elasticity and uncertainty values. Product categories where the transaction history is not sufficient enough to generate accurate demand coefficients may be identified. Tuning parameters for a product category are estimated using price elasticity and uncertainty values. The tuning parameters include price elasticity mean and price elasticity standard deviation. A modified likelihood function is generated by applying a normally distributed price elasticity term. The modified likelihood function may then be solved for its maxima, thereby generating tuned demand coefficients which may be output to a pricing optimization system for product price setting, and/or may be stored for later product categories.Type: ApplicationFiled: June 9, 2009Publication date: January 14, 2010Inventors: Karl Millar, Paritosh Desai, William Barrows Peale
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Publication number: 20090327037Abstract: A system and method for tuning markdown plans is provided. Such a system and method may include configuring initial rule set. Initial Demand models are generated. A first optimization for inventory pricing may be received from the price optimization system. The first optimization uses the initial demand models and cost data. A markdown plan is generated by applying the initial rule set to the first optimization. The plan is implemented. Updated data may be received which mandates a re-optimization of the plan. Demand models are refreshed using the updated data. Initial rule set is updated by cross referencing plan history with the initial rule set and subtracting rule events that have previously occurred. A second optimization is received which uses the refreshed demand models and cost data. Then, the markdown plan is re-optimized by applying the updated rule set to the second optimization. The re-optimized markdown plan is reported, approved and implemented.Type: ApplicationFiled: September 11, 2008Publication date: December 31, 2009Inventors: Charles Tze Chao Ng, Thuan-Luyen Le, Saibal Bhattacharya, Rob Parkin, Paritosh Desai
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Publication number: 20090276289Abstract: The present invention relates to a system and method for customer retention. Historical transaction and customer data may be received from stores. Likewise, recent customer transaction data may be received from the stores. The transactions are linked to each customer. Attriters, historical customers who discontinued shopping, are identified. Next, risk factors for attrition may be identified by examining the attriters' transaction history for commonalities. From the risk factors a loss model may be generated. The loss model may be used, in conjunction with current transaction data, to generate the likelihood of loss for each of the current customers, which may then be reported. Retention measures may be generated for each customer by comparing the customer's transactions to the loss model and the risk factors. The retention measures may be outputted to the stores, and a price optimization system. Likewise, the retention measures may be validated by comparing actual customer loss to the loss model.Type: ApplicationFiled: April 25, 2009Publication date: November 5, 2009Inventors: Jonathan Dickinson, Paritosh Desai
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Publication number: 20080077459Abstract: An apparatus for providing relative optimized pricing for markdown items is provided. A financial engine for determining revenue for determining sales costs is provided. An optimization engine receiving input from the financial engine and uses the determined sales costs to provide relative optimized pricing for markdown items and provides pricing and a promotion calendar for non-markdown items.Type: ApplicationFiled: September 25, 2006Publication date: March 27, 2008Inventors: Paritosh Desai, Rob Parkin, John Crowther, David Davtian, France Savard, Krishna Venkatraman, Chi-Yi Kuan, Fedor Dzegilenko