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US 2011/0213644 A1Published application
Consumer goods price prediction and optimization
OwnerKaustubha Pheneinventor
Life of this patent
Estimating the term…
Abstract
A processing apparatus transforms storage elements to receive historical and competitive price information and predict effective pricing levels for retail goods and transform output media to allow effective decision-making and product pricing.
Claims21
A price evaluation system comprising:
- a computer processor;
- and
- a computer memory device, said computer memory device being operatively coupled to said computer processor, said computer memory device being adapted to include a first plurality of data values encoded in a first electronic state of indefinite duration in a first region of said computer memory device, said first plurality of data values representing a corresponding plurality of operative processing steps;
- said computer memory device being adapted to include a second plurality of data values encoded in a second electronic state of indefinite duration in a second region of said computer memory device, said second plurality of data values representing competition information;
- said computer processor being adapted to evaluate said first and second pluralities of data values so as to produce a graphically displayed prediction for a future competitive price of a tangible consumer good.
2 more elements
An automatic computer comprising:
- a memory device, said memory device being adapted to store a plurality of competitive retrospective prices of a tangible consumer good, said memory device being adapted to store a control program;
- and
- a processor device, said processor device being operatively coupled to said memory device to receive said plurality of retrospective prices and said control program and to output a report including a projected prospective competitive price for said tangible consumer good.
A method of distributing a tangible consumer good to a consumer comprising:
- offering said consumer said tangible consumer good at a first price lower than a corresponding second price of a competitive consumer good, said first price being established by automatically calculating a prospective value of said second price using an electronic computer and setting said first price to be lower than said prospective value.
A computer memory device:
- said computer memory device being adapted to cooperate with a computer processor, and being adapted to include a first plurality of data values encoded in a first electronic state of indefinite duration in a first region of said computer memory device, said first plurality of data values representing a corresponding plurality of operative processing steps;
- said computer memory device being adapted to include a second plurality of data values encoded in a second electronic state of indefinite duration in a second region of said computer memory device, said second plurality of data values representing competition information;
- said cooperation being adapted to evaluate said first and second pluralities of data values so as to result in a graphically displayed prediction for a future competitive price of a tangible consumer good.
Dependencies are inferred from the claim text.