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Systems and methods for markdown optimization when inventory pooling level is above pricing level

  • US 8,271,318 B2
  • Filed: 03/26/2009
  • Issued: 09/18/2012
  • Est. Priority Date: 03/26/2009
  • Status: Active Grant
First Claim
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1. A computer-implemented method for selecting a product markdown plan, comprising:

  • receiving, by one or more data processors, candidate data corresponding to a plurality of candidate markdown sets that detail schedules for marking down prices of one or more products;

    receiving, by the one or more data processors, constraints data, wherein the constraints data includes individual constraints that apply to a single candidate markdown set, and wherein the constraints data includes a linking constraint that applies to the plurality of candidate markdown sets;

    generating, by the one or more data processors, candidate markdown schedules for each of the candidate markdown sets, wherein each candidate markdown schedule conforms to applicable individual constraints;

    generating, by the one or more data processors, one or more class sets, wherein each class set includes a candidate markdown schedule, and wherein each class set conforms to the linking constraint;

    evaluating, by the one or more data processors, the one or more class sets, wherein the evaluations are iterative, and wherein each evaluation iteration includes computing an expected revenue value for a class set;

    computing, by the one or more data processors, a revenue upper bound using the candidate markdown schedules and the linking constraint;

    terminating, by the one or more data processors, the evaluation when a threshold number of iterations is reached, wherein the terminating includes determining a class set with a highest expected revenue value within a threshold of the revenue upper bound; and

    selecting, by the one or more data processors, a product markdown plan, wherein the product markdown plan includes the class set with the highest expected revenue value.

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