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Dynamic Price and Business Rules Bound Visibility

IP.com Disclosure Number: IPCOM000240841D
Publication Date: 2015-Mar-06
Document File: 1 page(s) / 71K

Publishing Venue

The IP.com Prior Art Database

Abstract

Disclosed is a method to generate a price-change report based on business rules, so that a retailer can see the effects of the price change.

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Dynamic Price and Business Rules Bound Visibility

Several business rules contribute to a retail pricing decision. A retailer must not only be

able to identify how business rules drive price changes, but also effectively visualize changes so that a user can see the effects in place without performing a tedious mathematical analysis. While decision making considers all business rules as a group, retail pricing software vendors fail to deliver the price-driving factors broken down to business rules. Running ad-hoc price impact analyses can be time consuming.

The novel contribution is a method to generate a price-change report based on business rules, so that a retailer can see the effects of the price change.

While beginning a pricing scenario run, the user selects an option to populate the report to view price changes by rule. This turns on a flag, which calculates rule bounds with

prices changing by adding each rule to the retail-pricing problem. Bounds are written on a text file by the optimization engine in a specific format so that it can be picked up by the user interface (UI) engine to create a visual report.

The visual report is a dynamic chart that depicts how price bounds change on a product price based on the addition of each rule to the problem within a predefined rule hierarchy. The user can view this report any time as a continuous animation or in a stop-and-play fashion.

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