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Pricing and forecasting

  • US 8,676,632 B1
  • Filed: 07/16/2009
  • Issued: 03/18/2014
  • Est. Priority Date: 07/16/2009
  • Status: Active Grant
First Claim
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1. A computer system for optimizing a price of a product, the system comprising:

  • at least one processing unit and at least one memory unit;

    a first set of computer-readable instructions stored in the at least one memory unit for causing the at least one processing unit to define an optimal price for said product in satisfaction of a first constraint and a second constraint, said first constraint requiring that a quantity of the product predicted to be sold during a first time interval be less than an inventory of the product and said second constraint requiring that a quantity of product predicted to be sold by an end of a second time interval exhaust the inventory of the product;

    wherein the first set computer-readable instructions stored in the at least one memory unit cause the at least one processing unit to define the optimal price by;

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