System, method and computer program product for dynamic pricing
First Claim
1. A method, comprising:
- receiving data associated with a sale of goods or services, utilizing an input device;
calculating a plurality of values associated with the sale of goods or services based on the received data, utilizing a processor in communication with the input device;
comparing at least one of the values to a first low threshold, utilizing the processor;
comparing at least one of the values to a second high threshold, utilizing the processor;
determining a price of the goods or services based on the comparisons, utilizing the processor; and
outputting the determined price, utilizing an output device in communication with the processor;
wherein the data associated with the sale of goods or services is received in response to a price request for the goods or services by a buyer;
wherein the price of the goods or services is an optimal price determined in real-time, such that the price of the goods or services is attributed to the sale of the goods or services and reflects a current optimal price that is optimal at the time of the determination of the price of the goods or services and in which maximum revenues are capable of being realized based on the values associated with the sale of goods or services.
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Accused Products
Abstract
A system, method and computer program product are provided for various pricing techniques. Initially, data associated with a sale of goods or services may be received. A plurality of values associated with the sale of goods or services may then be calculated based on the received data. At least one of the values is then optionally compared to a low threshold and at least one of the values is also optionally compared to a high threshold, although any threshold may be used. Even still, the threshold may be altered based on the received data. Consequently, the price of the goods or services may also be altered based on the comparisons, wherein the price may be altered, at least in part, in a random manner. Further, the altered price may be output.
28 Citations
20 Claims
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1. A method, comprising:
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receiving data associated with a sale of goods or services, utilizing an input device; calculating a plurality of values associated with the sale of goods or services based on the received data, utilizing a processor in communication with the input device; comparing at least one of the values to a first low threshold, utilizing the processor; comparing at least one of the values to a second high threshold, utilizing the processor; determining a price of the goods or services based on the comparisons, utilizing the processor; and outputting the determined price, utilizing an output device in communication with the processor; wherein the data associated with the sale of goods or services is received in response to a price request for the goods or services by a buyer; wherein the price of the goods or services is an optimal price determined in real-time, such that the price of the goods or services is attributed to the sale of the goods or services and reflects a current optimal price that is optimal at the time of the determination of the price of the goods or services and in which maximum revenues are capable of being realized based on the values associated with the sale of goods or services. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 15, 16, 17, 18, 19, 20)
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13. A computer program product embodied on a non-transitory computer readable medium, comprising:
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computer code for receiving data associated with a sale of goods or services; computer code for calculating a plurality of values associated with the sale of goods or services based on the received data; computer code for comparing at least one of the values to a first low threshold; computer code for comparing at least one of the values to a second high threshold; computer code for determining a price of the goods or services based on the comparisons; and computer code for outputting the determined price; wherein the computer program product is operable such that the data associated with the sale of goods or services is received in response to a price request for the goods or services by a buyer; wherein the computer program product is operable such that the price of the goods or services is an optimal price determined in real-time, such that the price of the goods or services is attributed to the sale of the goods or services and reflects a current optimal price that is optimal at the time of the determination of the price of the goods or services and in which maximum revenues are capable of being realized based on the values associated with the sale of goods or services.
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14. A system, comprising:
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a processor for; receiving data associated with a sale of goods or services, utilizing an input device; calculating a plurality of values associated with the sale of goods or services based on the received data; comparing at least one of the values to a first low threshold; comparing at least one of the values to a second high threshold; determining a price of the goods or services based on the comparisons; and outputting the determined price; wherein the system is operable such that the data associated with the sale of goods or services is received in response to a price request for the goods or services by a buyer; wherein the system is operable such that the price of the goods or services is an optimal price determined in real-time, such that the price of the goods or services is attributed to the sale of the goods or services and reflects a current optimal price that is optimal at the time of the determination of the price of the goods or services and in which maximum revenues are capable of being realized based on the values associated with the sale of goods or services.
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Specification