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AssigneeInternational Business Machines Corporation
InventorsPavithra Harsha, Shivaram Subramanian
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System and method for omni-channel retailer operations that integrate a network of brick-and-mortar stores with their online channel. The system and method includes calibrating a demand model for both brick-and-mortar sales and on-line channels over which a product is sold, the calibrating based upon a cross-channel fulfillment-aware inventory effect. An omni-channel sales prediction and fulfillment model is then constructed based on the calibrated demand model. Using constructed linear demand and revenue models, a plan is generated to optimize one or more: allocating of the product across physical stores, partitioning of the product for sales, and pricing of the product. Customer choices are jointly modeled across channels to allow switching, and a ship-from-store (SFS) inventory effect feature only for brick choice is applied to capture asymmetry. Inventory decision variables are introduced into an omni-channel pricing formulation to manage SFS-effect induced non-convexity and specific reformulations applied to recover a linear MIP.
A computer-implemented method for a network comprising multiple physical stores or warehouses configured for storing inventory of a product at distributed locations, said method comprising:
A system comprising:
A computer program product for a network comprising multiple physical stores or warehouses configured for storing inventory of a product at distributed locations, the computer program product comprising a computer-readable storage medium having a computer-readable program stored therein, wherein the computer-readable program, when executed on a computer system comprising at least one processor, causes the processor to perform:
Dependencies are inferred from the claim text.