Method for performing market-adapted price planning

Data processing: financial – business practice – management – or co – For cost/price

Reexamination Certificate

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C705S001100, C705S035000, C705S03600T, C705S400000

Reexamination Certificate

active

07124116

ABSTRACT:
A method for performing market-adapted price planning for a plurality of target products including determining a current price for each target product of the target products, obtaining market prices for a plurality of products competitive to each of the target products, calculating a median price of the market prices for products competitive to each of said target products, associating one of a plurality of product price types with each of the target products, determining a set of pricing parameters for each of the product price types, and determining a potential new price for each of the target products based on the pricing parameters for the product price type associated with the target product and the median price for products competitive to the target product.

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patent: WO 00/52605 (2000-08-01), None
Shankar et al. , “Customer Price Sensitivity and the Online Medium”, Feb. 1999, available at mail3.rhsmith.umd.edu/Faculty/KM/papers.nsf/ 0/4aebcc43c249eaf3852567f4005fa724/$FILE/marriot—wrkg—paper.pdf.
Kim et al. , “Modeling the Distribution of Price Sensitivity and Implications for Optimal Retail Pricing”, Jul. 1995, Journal of Business & Economic Statistics, vol. 13, No. 3, available at i.

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