Patents Assigned to FMS, Inc.
  • Method of and apparatus for forecasting item availability
    Patent number: 7027999
    Abstract: A method and apparatus is described for determining the probability that an item will be available at a particular location at an expected time of transaction for the item. Variances for both reported and unreported sales rates of the item may be calculated. Probability distributions may be generated for these sales rates and a convolution performed to obtain the probability that the item will be available at the expected time of transaction.
    Type: Grant
    Filed: April 6, 2001
    Date of Patent: April 11, 2006
    Assignee: FMS, Inc.
    Inventors: Stephen A. Smith, Kevin G. Hoar, David B. Callender