System and method for simultaneous price optimization and...

Details System and method for simultaneous price optimization and... System and method for simultaneous price optimization and...

2011-04-05

2011-04-05

Borissov, Igor (Department: 3628)

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

For cost/price

C705S007380

Reexamination Certificate

active

07921061

ABSTRACT:
Systems and methods in accordance with various embodiments of the present invention provide for a system and method for simultaneous price optimization and asset allocation to maximize manufacturing profits. In one embodiment, a set of price points for the item and a set of expected demand values for each price point are determined. A supply-side constraint which models inventory, replenishment, and capacities associated with replenishment and a joining constraint, which requires that the set of expected demand values be equal to a planned supply of the item, are determined. A demand-side constraint is determined. Further, an objective function to maximize profits is determined, based on the set of price points, the set of expected demand values, and subject to the supply-side, joining, and demand-side constraints. Based on the objective function, an optimal price profile for the item is provided.

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