Patents Assigned to Red Analytics Pty Ltd
  • Patent number: 11068919
    Abstract: The present invention relates to a computer implemented method of determining the cost of implementing a pricing strategy, the pricing strategy formed by changeable business rules which engender algorithmic constraints, impacting optimized business metrics. The computer implemented method comprising the steps of defining a cohort of at least one of a boundary constrained shelf space and associating with each of the boundary constrained shelf space, in the cohort, a product mix, and a product mix ranking. The computer implemented method continues by using a data processing device to develop, through algorithmic autonomous learning, achievable MEMBER OPTIMAL SALES REVENUE AMOUNT performance absent pricing strategy business rules and MEMBER OPPORTUNITY PRICING STRATEGY SALES REVENUE AMOUNT inclusive of pricing strategy business rules.
    Type: Grant
    Filed: December 26, 2018
    Date of Patent: July 20, 2021
    Assignee: Red Analytics Pty Ltd.
    Inventors: Daniel Bruce Palmer, Menkes Hector Louis van den Briel, Mark Ross Lawrenson
  • Patent number: 10803415
    Abstract: The present invention relates to a computer implemented method of determining optimal business metrics from a product mix constrained by at least physical shelf space and selectively by at least one business rule. The computer implemented method comprising the steps of defining a boundary constrained shelf space, placing, physically, a product mix within the boundary constrained shelf space, and creating a product mix ranking based, in part, on prior sales of each of the product type. The computer implemented method continues by using a data processing device to develop, through algorithmic autonomous learning, achievable business metric performance of the boundary constrained shelf space. In this regard, a group of similar product mix/ranking is optimized to create an ideal product mix/ranking which is then use to inform changes to make to the product mix to achieve the desired OPTIMAL BUSINESS METRIC.
    Type: Grant
    Filed: December 26, 2018
    Date of Patent: October 13, 2020
    Assignee: Red Analytics Pty Ltd
    Inventors: Daniel Bruce Palmer, Menkes Hector Louis van den Briel, Mark Ross Lawrenson