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US 2020/0090101 A1Published application
System and method for a recommendation mechanism regarding store remodels
AssigneeWalmart Apollo, LLC
InventorsNikesh SRIVASTAVA, Sameer SHAH, Uruj FATIMA
Life of this patent
Estimating the term…
Abstract
An iterative, tiered system for identifying which assets need to be remodeled. This tiered system uses a Bayesian Structural Time Series, followed by an ensemble classification and cost estimation. The results are then input into an optimization model, where the best possible set of stores is selected according to the constraints. Remodeling of the store then commences.
Claims20
A method comprising:
- analyzing a profitability impact of a remodel on a store using a Bayesian Structural Time Series model;
- generating, using the profitability impact, a lift classification of the store;
- generating a remodel score for the store based on the lift classification and a cost estimate of the remodel;
- determining that the remodel score is above a threshold, to yield a determination;
- and
- remodeling the store based on the determination.
3 more elements
A system comprising:
- a processor;
- and
- a computer-readable storage medium having instructions stored which, when executed by the processor, cause the processor to perform operations comprising:
- analyzing a profitability impact of a remodel on a store using a Bayesian Structural Time Series model;
- generating, using the profitability impact, a lift classification of the store;
- generating a remodel score for the store based on the lift classification and a cost estimate of the remodel;
- determining that the remodel score is above a threshold, to yield a determination;
- and
- initiating remodeling the store based on the determination.
6 more elements
A non-transitory computer-readable storage medium having instructions stored which, when executed by a computing device, cause the computing device to perform operations comprising:
- analyzing a profitability impact of a remodel on a store using a Bayesian Structural Time Series model;
- generating, using the profitability impact, a lift classification of the store;
- generating a remodel score for the store based on the lift classification and a cost estimate of the remodel;
- determining that the remodel score is above a threshold, to yield a determination;
- and
- initiating remodeling the store based on the determination.
3 more elements
Dependencies are inferred from the claim text.