Patents by Inventor Gopikrishnan Anilkumar

Gopikrishnan Anilkumar 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).

  • Item-specific value optimization tool
    Patent number: 11348146
    Abstract: Elasticity of a particular product is calculated based on product demand against various price points. Accurate product demand calculations are ensured by calculating the price journey of the product, with appropriate adjustments made for out of stock conditions and promotions and or discounts. The price journey data is then input into an impact estimation algorithm which allows calculation of demand elasticity accounting for various real-world factors impacting demand and elasticity, such as: price of a substitute or compliment, competitor price, weather, local events, calendar events, and other factors. This approach allows for superior price journey-based item-specific elasticity calculation, which allows for superior optimization of item price to maximize volume and profit.
    Type: Grant
    Filed: June 27, 2018
    Date of Patent: May 31, 2022
    Assignee: Walmart Apollo, LLC
    Inventors: Sujoy Saha, Gopikrishnan Anilkumar, Madhur Sarin, Ankur Verma, Namrata Rawat, Nikhil Varughese Cherian, Mahesh Devendra
  • ITEM-SPECIFIC VALUE OPTIMIZATION TOOL
    Publication number: 20190355030
    Abstract: Elasticity of a particular product is calculated based on product demand against various price points. Accurate product demand calculations are ensured by calculating the price journey of the product, with appropriate adjustments made for out of stock conditions and promotions and or discounts. The price journey data is then input into an impact estimation algorithm which allows calculation of demand elasticity accounting for various real-world factors impacting demand and elasticity, such as: price of a substitute or compliment, competitor price, weather, local events, calendar events, and other factors. This approach allows for superior price journey-based item-specific elasticity calculation, which allows for superior optimization of item price to maximize volume and profit.
    Type: Application
    Filed: June 27, 2018
    Publication date: November 21, 2019
    Inventors: Sujoy Saha, Gopikrishnan Anilkumar, Madhur Sarin, Ankur Verma, Namrata Rawat, Nikhil Varughese Cherian, Mahesh Devendra