System and method for integrating retail price optimization for revenue and profit with business rules

A computer-implemented method comprising:

• obtaining a product network having a decision price set, the product network having one or more price families, each price family of the one or more price families having one or more products;
• and
• generating, via at least one processor, a revenue-profit value for the product network based on the decision price set and a selected weight;
• generating a value-plus-constraint for the product network based on the decision price set and the selected weight;
• determining a penalty value, the penalty value based on each decision price of the decision price set that violated a flexible business rule and the revenue-profit value;
• updating the value-plus-constraint based on the penalty value;
• for one or more decision prices of the decision price set that violated the flexible business rules, determining one or more price changes;
• in response to a determination that the one or more decision prices does not violate the flexible business rule, updating the decision price set with the one or more price changes.

A system comprising:

• a processor;
• and
• a memory storing instructions which when executed by the processor, cause the processor to:
• obtain a product network having a decision price set, the product network having one or more price families, each price family of the one or more price families having one or more products;
• and
• generate, via at least one processor, a revenue-profit value for the product network based on the decision price set and a selected weight;
• generate a value-plus-constraint for the product network based on the decision price set and the selected weight;
• determine a penalty value, the penalty value based on each decision price of the decision price set that violated a flexible business rule and the revenue-profit value;
• update the value-plus-constraint based on the penalty value;
• for one or more decision prices of the decision price set that violated the flexible business rules, determine one or more price changes;
• in response to a determination that the one or more decision prices does not violate the flexible business rule, update the decision price set with the one or more price changes.

A non-transitory computer readable medium storing instructions which when executed by a processor, causes the processor to:

• obtain a product network having a decision price set, the product network having one or more price families, each price family of the one or more price families having one or more products;
• and
• generate, via at least one processor, a revenue-profit value for the product network based on the decision price set and a selected weight;
• generate a value-plus-constraint for the product network based on the decision price set and the selected weight;
• determine a penalty value, the penalty value based on each decision price of the decision price set that violated a flexible business rule and the revenue-profit value;
• update the value-plus-constraint based on the penalty value;
• for one or more decision prices of the decision price set that violated the flexible business rules, determine one or more price changes;
• in response to a determination that the one or more decision prices does not violate the flexible business rule, update the decision price set with the one or more price changes.