Method of and apparatus for forecasting item availability

Details Method of and apparatus for forecasting item availability Method of and apparatus for forecasting item availability

2006-04-11

2006-04-11

Diaz, Susanna M. (Department: 3623)

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

Automated electrical financial or business practice or...

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Reexamination Certificate

active

07027999

ABSTRACT:
A method and apparatus is described for determining the probability that an item will be available at a particular location at an expected time of transaction for the item. Variances for both reported and unreported sales rates of the item may be calculated. Probability distributions may be generated for these sales rates and a convolution performed to obtain the probability that the item will be available at the expected time of transaction.

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“CompUSA Announces ‘Click and Brick’ Shopping Enhancements” PR Newswire. Dec. 21, 1999.
Smith, Stephen et al., “A Discrete Optimization Model for Seasonal Merchandise Planning,” Jrl of Retailing, v 74(2), pp. 193-221, (1998).
Agrawal, N., et al., “Estimating Negative Binomial Demand for Retail Inventory Management with Unobservable Lost Sales,” Naval Research Logistics, v43, pp839-861 (1996).
Parzen, Emanuel,Stochastic Processes, Chapter 1, Holden-Day, Inc. Publishers (1962).
Johnson, N, and Kotz, S.,Discrete Distributions, Chapter 5, Houghton Mifflin Co. Publishers (1969).

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