Computer-implemented product valuation tool

Details Computer-implemented product valuation tool Computer-implemented product valuation tool

2007-10-19

2009-06-23

Hayes, John W (Department: 3628)

Data processing: financial, business practice, management, or co

For cost/price

C705S001100, C705S007380, C705S002000, C705S028000

Reexamination Certificate

active

07552095

ABSTRACT:
A method of valuing products based on demand probabilities. Products are designed by identifying product components, and combining the components in various combinations to provide standard and non-standard products. Components are valued using an algorithm that considers demand probability as well as known prices of standard products. The component values are added to determine product values and may be used to make pricing and order fulfillment decisions.

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