Patents Assigned to CLEAR DEMAND, INC.
  • Publication number: 20140289167
    Abstract: Business rules can govern a single price or they can define relationships between different products involving two or more decision prices. One problem that retailers can face is that business rules are generally not codified and are rarely followed consistently, and thus it can be difficult to articulate existing business rules or generate new business rules. However, existing price information inherently contains industry knowledge and experience, even if retailers find it difficult to express that knowledge. The disclosed technology generates business rules by reverse engineering rule bounds and coefficients from existing price information. The reverse engineered rule bounds and coefficients can be used in price optimization to generate recommended prices for retail products that optimize revenue and profit while complying with a set of business rules.
    Type: Application
    Filed: March 19, 2014
    Publication date: September 25, 2014
    Applicant: CLEAR DEMAND, INC.
    Inventors: Adam N. ROSENBERG, James A. SILLS