Method and system for determining price markdown schedule

Details Method and system for determining price markdown schedule Method and system for determining price markdown schedule

2011-03-22

2011-03-22

Hayes, John W (Department: 3628)

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

Automated electrical financial or business practice or...

Discount or incentive

C705S001100, C705S007350, C705S014350, C705S400000

Reexamination Certificate

active

07912748

ABSTRACT:
Markdown optimization may be performed using a computer system. Markdown objectives may include margin maximization or inventor minimization. Markdown schedule optimization uses an efficient, iterative, targeted combinatorial search. First, permissible discount steps are identified, then for each permissible discount step, a subspace of permissible step dates is identified. Elements from the date step subspace and price reduction subspace are combined and evaluated against the markdown objectives. If an improved markdown schedule is located, a new subspace of permissible step dates is defined to search the subregion of the solution space where the improved markdown optimization schedule was identified. Scheduling of inventory allocation from a distribution center is also disclosed.

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