Selecting Products for Retailer to Offer for Sale to Consumers

Each product of a number of products is assigned to one of a number of popularity tiers. The popularity tiers are ordered from a most popular tier to a least popular tier. The popularity tiers indicate how popular the products are expected to be among consumers. Each product is assigned to one of a...

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Bibliographische Detailangaben
Hauptverfasser: BALESTRIERI FILIPPO, JAIN SHAILENDRA K, RAJARAM SHYAM SUNDAR, DREW JULIE WARD, KAYIS ENIS
Format: Patent
Sprache:eng
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Zusammenfassung:Each product of a number of products is assigned to one of a number of popularity tiers. The popularity tiers are ordered from a most popular tier to a least popular tier. The popularity tiers indicate how popular the products are expected to be among consumers. Each product is assigned to one of a number of margin tiers. The margin tiers are ordered from a highest margin tier to a lowest margin tier. The margin tiers indicate how much money a retailer makes in selling the products to the consumers. Which of the products to offer for sale by the retailer to the consumers are selected by applying decision rules to the products as have been assigned to the popularity tiers and to the margin tiers.