COMPUTERIZED PROMOTION PRICE SCHEDULING UTILIZING MULTIPLE PRODUCT DEMAND MODEL

    公开(公告)号:US20170140414A1

    公开(公告)日:2017-05-18

    申请号:US14942225

    申请日:2015-11-16

    CPC classification number: G06Q30/0235

    Abstract: Systems, methods, and other embodiments associated with determining a promotion price schedule for each item in a group are described. In one embodiment, a method includes computing an item coefficient that corresponds to a change in a value of an objective function when the item is priced at the promotion price. The objective function is based on a multiple product demand model. An item coefficient is computed for each item, each time period in the price schedule, and each promotion price in a price ladder for the item. An approximate objective function is formulated that includes products of item coefficients and binary decision variables. The item coefficients, the approximate objective function, and constraints are provided to an optimizer that determines values of the decision variables that maximize the approximate objective function. A promotion price schedule is created for each item based on values of the decision variables.

    OPTIMIZED TREE ENSEMBLE BASED DEMAND MODEL

    公开(公告)号:US20230096633A1

    公开(公告)日:2023-03-30

    申请号:US17449112

    申请日:2021-09-28

    Abstract: Embodiments generate an optimized demand model for a retail item. Embodiments train a tree ensemble machine learning model comprising a plurality of trees, the training comprising storing upper bounds for each of the trees, the trees comprising levels and branches that correspond to the demand features that influence demand for the item. Embodiments generate an objective function for the demand model. At a top split of each tree, embodiments determine optimal child nodes using the stored upper bounds and calculate a new feasible region for each tree. Using bounds on the new feasible region, embodiments move down each tree to a next level of splits and generate the optimized demand model when a leaf node of every tree has been reached.

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