System and method for markdown optimization

Details System and method for markdown optimization System and method for markdown optimization

2011-08-16

2011-08-16

Kramer, James (Department: 3693)

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

Automated electrical financial or business practice or...

Operations research or analysis

Reexamination Certificate

active

08000996

ABSTRACT:
Computer-implemented systems and methods for identifying markdown prices for items. As an example, a system and method can include identifying for each item an optimal markdown plan containing a markdown price for the item. Also, the method and system can be configured to identify for each item an optimal delay plan. For each item, a delay cost and a markdown spend are calculated, and a comparison is performed of the item's delay cost with respect to the item's markdown spend. The comparison is used to determine whether to mark down an item based upon the item's determined markdown price.

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