FUEL PRICE DATA GENERATION

• US 20120209660A1
• Filed: 02/16/2011
• Published: 08/16/2012
• Est. Priority Date: 02/16/2011
• Status: Abandoned Application

• Current Assignee: Kalibrate Technologies Ltd. (Hanover Investors Management LLP)
• Original Assignee: Kalibrate Technologies Ltd. (Hanover Investors Management LLP)
• Inventors: McCaffrey, David
• Application Number:
  US13/028,543
• Publication Number:
  US 20120209660A1
• Time in Patent Office: Days
• US Class Current: 705/7.31
• CPC Class Codes: G06Q 30/0283 Price estimation or determination

Abstract

A computer-implemented method of generating fuel price data for each of a plurality of associated retail fuel sites, the method being implemented in a computer comprising a memory in communication with a processor. The method comprises receiving, as input to the processor, a total volume fuel sales target for the plurality of associated retail fuel sites and processing, by the processor, the total volume fuel sales target for the plurality of associated retail fuel sites to generate volume fuel sales targets for each of the plurality of associated retail fuel sites. The volume fuel sales targets for each of the plurality of associated retail fuel sites is processed, by the processor, to generate the fuel price data.

Claims

1. A computer-implemented method of generating fuel price data for each of a plurality of associated retail fuel sites, the method being implemented in a computer comprising a memory in communication with a processor, the method comprising:

receiving, as input to the processor, a total volume fuel sales target for said plurality of associated retail fuel sites;

processing, by the processor, said total volume fuel sales target for said plurality of associated retail fuel sites to generate volume fuel sales targets for each of said plurality of associated retail fuel sites; and

processing, by the processor, said volume fuel sales targets for each of said plurality of associated retail fuel sites to generate said fuel price data.

2. A computer-implemented method according to claim 1, wherein processing said total volume fuel sales target for said plurality of associated retail fuel sites to generate volume fuel sales targets for each of said plurality of associated retail fuel sites comprises:

generating, by the processor, a price for each of said plurality of associated retail fuel sites based upon said total volume fuel sales target; and

processing, by the processor, said generated prices for said plurality of associated retail fuel sites to generate said volume fuel sales targets for each of said plurality of associated retail fuel sites.

3. A computer-implemented method according to claim 2, wherein generating a price for each of said plurality of associated retail fuel sites based upon said total volume fuel sales target comprises:

performing, by the processor, an optimisation operation, said optimisation operation having said total volume fuel sales target as a constraint.

4. A computer-implemented method according to claim 3, wherein said optimisation operation is further based upon average fuel price data from each of said plurality of associated retail fuel sites and average fuel price data from each of a plurality of competitor retail fuel sites.

5. A computer-implemented method according to claim 4, wherein said average fuel price data is based upon fuel price data from a predetermined time period.

6. A computer-implemented method according to claim 5, wherein said predetermined time period is longer than a week and less than two months.

7. A computer-implemented method according to claim 4, wherein said optimisation operation is further based upon relationships between said plurality of associated retail fuel sites and said plurality of competitor retail fuel sites.

8. A computer-implemented method according to claim 7, wherein said relationships between said plurality of associated retail fuel sites and said plurality of competitor retail fuel sites are relationships between prices at said associated retail fuel sites and said plurality of competitor retail fuel sites.

9. A computer-implemented method according to claim 1, wherein processing said volume fuel sales targets for each of said plurality of associated retail fuel sites to generate said fuel price data comprises:

performing, by the processor, an optimisation operation, said optimisation operation having said volume fuel sales targets for each of said plurality of associated retail fuel sites as a constraint.

10. A computer-implemented method according to claim 7, wherein said optimisation operation is further based upon current fuel price data for each of said plurality of associated retail fuel sites and current fuel price data for each of a plurality of competitor retail fuel sites.

11. A computer-implemented method according to claim 8, wherein said optimisation operation is further based upon relationships between said plurality of associated retail fuel sites and said plurality of competitor retail fuel sites.

12. A computer readable medium carrying a computer program comprising computer readable instructions configured to cause a computer to carry out a method according to claim 1.

13. A computer apparatus for generating fuel price data for each of a plurality of associated retail fuel sites, the apparatus comprising:

a memory storing processor readable instructions; and

a processor arranged to read and execute instructions stored in said memory;

wherein said processor readable instructions comprise instructions arranged to control the computer to carry out a method according to claim 1.

14. A computer-implemented method of generating a volume fuel sales target for each of a plurality of associated retail fuel sites, the method being implemented in a computer comprising a memory in communication with a processor, the method comprising:

storing, in the memory, average fuel price data, said average fuel price data being determined based upon fuel price data associated with said associated retail fuel sites and competitor retail fuel sites; and

processing, by the processor, said average fuel price data to determine said volume fuel sales target for each of said plurality of associated retail fuel sites.

15. A computer-implemented method according to claim 14, wherein said average fuel price data is mean fuel price data.

16. A computer-implemented method according to claim 14, wherein said average fuel price data is based upon fuel price data from a predetermined time period.

17. A computer-implemented method according to claim 16, wherein said predetermined time period is longer than a week and less than two months.

18. A computer-implemented method according to claim 14, wherein processing said plurality of average fuel price data items to determine said optimised volume fuel sales target for each of said plurality of associated retail fuel sites comprises:

performing, by the processor, an optimisation operation, said optimisation operation having said average fuel price data items as input.

19. A computer-implemented method according to claim 18, wherein said optimisation operation has a total volume fuel sales target as a constraint, said total volume fuel sales target indicating a minimum volume fuel sales for said plurality of associated retail fuel sites.

20. A computer readable medium carrying a computer program comprising computer readable instructions configured to cause a computer to carry out a method according to claim 14.

21. A computer apparatus for generating an optimised volume fuel sales target for each of a plurality of associated retail fuel sites, the apparatus comprising:

a memory storing processor readable instructions; and

a processor arranged to read and execute instructions stored in said memory;

wherein said processor readable instructions comprise instructions arranged to control the computer to carry out a method according to claim 14.