Patent application number | Description | Published |
20130325551 | SYSTEM AND METHOD FOR MODELING DEMAND AND OPTIMIZING PRICES WITH IMMUNITY TO OUT-OF-STOCK EVENTS - The disclosed technology improves the process of generating recommended prices for retail products. First, the present technology makes it possible to model shopper demand when sales data includes time periods with zero unit sales without hypothesizing whether the time periods are out-of-stock events or zero sales. This can be accomplished by applying a truncated Poisson distribution and the Newton-Raphson method to the non-zero unit sales to generate a coefficient vector that maximizes the likelihood of the observations in the sales data. Second, the present technology can be used to generate recommended prices for a group of products that optimize revenue and profit while limiting the number of products that require price changes to a predefined threshold value. This can be accomplished by iteratively replacing a current best value solution with a next best value solution across a collection of product networks until an acceptable number of unchanged prices is achieved. | 12-05-2013 |
20130325558 | SYSTEM AND METHOD FOR OPTIMIZING REVENUE AND PROFIT WITH LIMITED NUMBER OF PRICE CHANGES - The disclosed technology improves the process of generating recommended prices for retail products. First, the present technology makes it possible to model shopper demand when sales data includes time periods with zero unit sales without hypothesizing whether the time periods are out-of-stock events or zero sales. This can be accomplished by applying a truncated Poisson distribution and the Newton-Raphson method to the non-zero unit sales to generate a coefficient vector that maximizes the likelihood of the observations in the sales data. Second, the present technology can be used to generate recommended prices for a group of products that optimize revenue and profit while limiting the number of products that require price changes to a predefined threshold value. This can be accomplished by iteratively replacing a current best value solution with a next best value solution across a collection of product networks until an acceptable number of unchanged prices is achieved. | 12-05-2013 |
20140129294 | SYSTEM AND METHOD FOR INTEGRATING RETAIL PRICE OPTIMIZATION FOR REVENUE AND PROFIT WITH BUSINESS RULES - The disclosed technology improves the process of generating recommended prices for retail products by optimizing revenue and profit while complying with a set of business rules by assigning a monetary value to each business rule. Then for each decision price that violates a business rule constraint, a penalty value is added to the monetary value. If the monetary value including the penalty is better than an original monetary value, the decision price is included in the recommended prices. | 05-08-2014 |
20140289167 | SYSTEM AND METHOD FOR DETERMINING RETAIL-BUSINESS-RULE COEFFICIENTS FROM CURRENT PRICES - Business rules can govern a single price or they can define relationships between different products involving two or more decision prices. One problem that retailers can face is that business rules are generally not codified and are rarely followed consistently, and thus it can be difficult to articulate existing business rules or generate new business rules. However, existing price information inherently contains industry knowledge and experience, even if retailers find it difficult to express that knowledge. The disclosed technology generates business rules by reverse engineering rule bounds and coefficients from existing price information. The reverse engineered rule bounds and coefficients can be used in price optimization to generate recommended prices for retail products that optimize revenue and profit while complying with a set of business rules. | 09-25-2014 |
Patent application number | Description | Published |
20130120815 | VOLUME HOLOGRAM REPLICATOR FOR TRANSMISSION TYPE GRATINGS - A holographic replicator configured to mass-manufacture volumetric transmission holograms and including an imaging tank having a holographic master plate opposing a pneumatic absorber. When a segment of a recording film, moveable with respect to the master plate, is placed between the master plate and the pneumatic absorber, the pneumatic absorber is repositioned in space to locks the segment of the recording film between the master plate and the pneumatic absorber. | 05-16-2013 |
20130128326 | LIGHT ABSORBING FILM FOR HOLOGRAPHIC PROCESSING AND METHOD OF USING SAME - A novel light absorbing holographic film for holographic processing is present. The holographic film includes a light absorbing film having a holographic medium disposed thereon. The light absorbing film comprises a substrate and a light absorption layer disposed on a first surface of the substrate. In certain embodiments a second light absorption layer is disposed on a second, opposing surface of the substrate. In other embodiments, a second absorption layer is disposed on top of the first absorption layer. | 05-23-2013 |
20130160850 | BLAZED GRATING FOR SOLAR ENERGY CONCENTRATION - A solar concentrator having a photovoltaic cell in optical contact with a cover. A blazed grating is provided adjacent to and co-planar with the photovoltaic cell for preferentially diffracting light that does not directly intercept the photovoltaic cell toward the photovoltaic cell via total internal reflection in the cover. | 06-27-2013 |
20130167903 | ENCAPSULATED SOLAR ENERGY CONCENTRATOR - A holographic planar concentrator of solar energy employing an array of holographically-recorded diffraction grating elements adjoining the corresponding bifacial or monofacial PV-cell. Diffracting grating elements are configured to operate in transmission and/or reflection. The array is sandwiched and, optionally, encapsulated between the two layers of structurally supporting material that are impermeable to ambient moisture. The grating elements can be blazed and the material layer in which the gratings are recorded is protected from the moisture in the ambient environment by a moisture impermeable encapsulant. | 07-04-2013 |