Method, program, and system for resetting the value of a coupon based on market information
AssigneeInternational Business Machines Corporation
InventorsDwip Banerjee, Rabindranath Dutta, Lorin Ullmann
Life of this patent
Estimating the term…
Abstract
A method and computer program for resetting the value of a coupon based on market information is provided. The program receives a request for valuation of a coupon from a retailer, accesses market demand information for a product corresponding to the coupon, determines a market demand value based on the market demand information, determines a coupon value based on the market demand value, and provides the coupon value to the retailer.
Claims17
A method of setting the value of a coupon comprising:
- distributing at least one coupon;
- receiving a request for valuation of a coupon from a retailer, after distributing the at least one coupon;
- accessing market demand information for a product corresponding to the coupon in response to the request;
- determining a market demand value based on the accessed market demand information;
- setting a coupon value based on the market demand value;
- and
- providing the coupon value to the retailer.
A computer readable medium containing computer readable code for setting the value of a coupon based on market information comprising:
- computer readable code for receiving a request for valuation of a distributed coupon from a retailer;
- computer readable code for accessing market demand information for a product corresponding to the coupon in response to the request;
- computer readable code for determining a market demand value based on the accessed market demand information;
- computer readable code for setting a coupon value based on the market demand value;
- and
- computer readable code for providing the coupon value to the retailer.
A system for setting the value of a coupon based on market information comprising:
- means for distributing at least one coupon;
- means for receiving a request for valuation of a distributed coupon from a retailer;
- means for accessing market demand information for a product corresponding to the coupon in response to the request;
- means for determining a market demand value based on the market demand information;
- means for setting a coupon value based on the market demand value;
- and
- means for providing the coupon value to the retailer.
Dependencies are inferred from the claim text.