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Computer-implemented systems and methods for performing pricing analysis

  • US 7,996,331 B1
  • Filed: 08/31/2007
  • Issued: 08/09/2011
  • Est. Priority Date: 08/31/2007
  • Status: Active Grant
First Claim
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1. A computer-implemented method for determining regular prices, comprising:

  • receiving, using one or more data processors, data about items to be priced, wherein each item has an integer pricing requirement;

    using, using the one or more data processors, the received data to form one or more sub-problem item groups, wherein each sub-problem item group is formed based upon one or more pre-determined sub-problem grouping criteria, and wherein each sub-problem item group includes the received data corresponding to one or more items within that sub-problem group;

    optimizing, using the one or more data processors, an objective function using a non-linear optimization program, one or more pre-selected business constraints, and the data corresponding to one or more items within a sub-problem group, wherein the non-linear optimization program ignores any of the integer pricing requirements when optimizing the objective function;

    using, using the one or more data processors, the optimized objective function to attempt to generate one or more target item prices for the sub-problem item group, wherein when the one or more target item prices are not generated using the optimized objective function, successive runs of a linear optimization program are used to generate the one or more target item prices; and

    determining, using the one or more data processors, one or more regular prices for the sub-problem item group using a mixed integer linear program, wherein determining includes minimizing one or more distances associated with the one or more target item prices.

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