Method for Determing a Dynamic Bundle Price for a Group of Sales Products and a Computer Program Product
First Claim
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1. A method for determining a dynamic bundle price for a group of sales products by means of an application running on a computer system, wherein the method comprises the following steps:
- using a web browser to provide electronic information pertaining to a selection of a sales product,providing a web server to determine the group of sales products by selecting at least one additional product from a plurality of additional products and assigning it to the sales product, such that the group of sales products comprises at least one product to which a variable sales price is assigned,having an application server of the computer system determine a price-sales function for the group of sales products,using the computer system to determine a price elasticity for the group of sales products,using the computer system to determine the dynamic bundle price for the group of sales products from the price-sales function and the price elasticity, andproviding electronic output information from the computer system, which displays product information pertaining to the group of sales products and displays price information pertaining to the dynamic bundle price.
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Abstract
A method is provided for determining a dynamic bundle prices for a group of sales products. A computer program product and a computer system are further provided to determine the dynamic bundle price for the group of sales products by means of an application implemented on the computer system.
121 Citations
20 Claims
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1. A method for determining a dynamic bundle price for a group of sales products by means of an application running on a computer system, wherein the method comprises the following steps:
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using a web browser to provide electronic information pertaining to a selection of a sales product, providing a web server to determine the group of sales products by selecting at least one additional product from a plurality of additional products and assigning it to the sales product, such that the group of sales products comprises at least one product to which a variable sales price is assigned, having an application server of the computer system determine a price-sales function for the group of sales products, using the computer system to determine a price elasticity for the group of sales products, using the computer system to determine the dynamic bundle price for the group of sales products from the price-sales function and the price elasticity, and providing electronic output information from the computer system, which displays product information pertaining to the group of sales products and displays price information pertaining to the dynamic bundle price. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A method for dynamic product and price optimization by means of a computer system using an electronic database comprises the steps of:
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using a web browser to provide electronic information on a first product; providing a web server to determine whether the first product is capable of being bundled with a second product; using the web server to determine that the first product and the second product are capable of being bundled to form a product bundle; selecting the second product through a similarity determination made by an application server of the computer system; using the application server to calculate a price-sales function based on a linear relationship between price and sales for the product bundle; having the computer system determine a price elasticity for the product bundle; using the computer system to optimize a dynamic bundle price for the product bundle based on the price-sales function and the price elasticity; and displaying on the computer system the output of the dynamic bundle price for the product bundle. - View Dependent Claims (9, 10, 11, 12, 13)
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14. A computer program product for determining a dynamic bundle price for a group of sales products by means of an application running on a computer system, the computer product comprising:
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means for providing electronic information pertaining to a selection of a sales product, means for determining the group of sales products by selecting at least one additional product from a plurality of additional products and assigning it to the sales product, such that the group of sales products comprises at least one product to which a variable sales price is assigned, means for determining a price-sales function for the group of sales products, means for determining a price elasticity for the group of sales products, means for determining the dynamic bundle price for the group of sales products from the price-sales function and the price elasticity, and means for providing electronic output information, which displays product information pertaining to the group of sales products and displays price information pertaining to the dynamic bundle price. - View Dependent Claims (15, 16, 17, 18, 19, 20)
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Specification