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Method and system for dynamic pricing

  • US 20010051932A1
  • Filed: 03/13/2001
  • Published: 12/13/2001
  • Est. Priority Date: 03/13/2000
  • Status: Active Grant
First Claim
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1. A method of dynamically determining an optimal price to be charged for a product on an Internet website operated by an Internet merchant, comprising:

  • (a) receiving configuration data from the Internet merchant;

    (b) randomly sampling visitors to the Internet website according to the configuration data;

    (c) determining an optimal price using the data acquired in step (b); and

    (d) displaying the optimal price to the Internet merchant.

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