Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Discount or incentive
Reexamination Certificate
2004-06-05
2010-11-16
Boyce, Andre (Department: 3623)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Discount or incentive
C705S007380
Reexamination Certificate
active
07835936
ABSTRACT:
A computer system models customer response using observable data. The observable data includes transaction, product, price, and promotion. The computer system receives data observable from customer responses. A set of factors including customer traffic within a store, selecting a product, and quantity of selected product is defined as expected values, each in terms of a set of parameters related to customer buying decision. A likelihood function is defined for each of the set of factors. The parameters are solved using the observable data and associated likelihood function. The customer response model is time series of unit sales defined by a product combination of the expected value of customer traffic and the expected value of selecting a product and the expected value of quantity of selected product. A linear relationship is given between different products which includes a constant of proportionality that determines affinity and cannibalization relationships between the products.
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SAP Promotion Optimization, http://www.sap.com/industries/retail/pdf/BWP—SB—Promotion—Optimization—Mak.pdf, copyright Jun. 2003.
KhiMetrics Launches New Promotion Optimization Capability to Help Retailers Navigate the $90 Billion Promotions Market. (Nov. 21, 2002). PR Newswire, 1. (Document ID: 242120751).
Ouimet Kenneth J.
Pierce Robert D.
Atkins Robert D.
Boyce Andre
SAP (AG)
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