Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Operations research or analysis
Reexamination Certificate
2006-07-28
2011-10-04
Jeanty, Romain (Department: 3624)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Operations research or analysis
C705S007370
Reexamination Certificate
active
08032406
ABSTRACT:
A computer-implemented method involves modeling of product decisions in a retail store. The product decision variables are profit, assortment, placement, promotion, and inventory. Various rules and constraints such as facing elasticity, shelf replenishment costs, shelf space, carrying costs, facing capacity, slotting fees, and cannibalization are defined for multiple product decision variables. An objective function utilizes the rules and constraints for the multiple product decision variables. The objective function model is resolved by uses nested loops to solve for a first variable, and then using the first variable to solve for a second variable. Each decision variable in the objective function is controllable by externally determined multipliers. The objective function simultaneously models each of the multiple product decision variables by iteratively resolving the objective function into values which optimize sales, revenue, and profit for the retail store. The model is output in graphic format.
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Buckley Maschoff & Talwalkar LLC
Jeanty Romain
SAP (AG)
Walker George H
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