Estimating shipping costs with machine learning

Estimating shipping costs with machine learning

Disclosed herein are system, method, and computer program product embodiments for estimating shipping costs of items purchased in an online market using machine learning techniques. By determining in real-time the dimensional weight of an item with reference to a machine learning model describing pa...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: Clark, Robin, Crate, Lawrie, Turner, Eric, Mozzami, Mohammad-Mahdi, Uehara, Masanori, Ishikawa, Yu, Osaka, Chiaki
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTER SYSTEMS BASED ON SPECIFIC COMPUTATIONAL MODELS
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC DIGITAL DATA PROCESSING
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:Disclosed herein are system, method, and computer program product embodiments for estimating shipping costs of items purchased in an online market using machine learning techniques. By determining in real-time the dimensional weight of an item with reference to a machine learning model describing past transactions, a buyer and seller in the online market can finalize the transaction in real-time. The machine learning model further implements a bias within the machine learning algorithm towards heavier estimation to avoid undercharging the market participants for shipping costs. One embodiment involves using these cost-estimation techniques in the context of a local shipping feature, which allows buyers and sellers to schedule a same-day delivery by seamlessly involving a local carrier.