Econometric optimization engine

Econometric optimization engine

A preferred set of prices for a plurality of products, generally demand coefficients is provided. Cost data including activity-based costs is also received. A preferred set of prices that will provide a local optimum for the preferred set of prices which maximizes profit is then determined. In one e...

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Hauptverfasser: Venkatraman, Krishna, Delurgio, Phil, Valentine, Suzanne, Neal, Michael, Lee, Hau
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Sprache:eng
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creator Venkatraman, Krishna
Delurgio, Phil
Valentine, Suzanne
Neal, Michael
Lee, Hau
description A preferred set of prices for a plurality of products, generally demand coefficients is provided. Cost data including activity-based costs is also received. A preferred set of prices that will provide a local optimum for the preferred set of prices which maximizes profit is then determined. In one embodiment, a sales model and a cost model are created. A plurality of rules is specified. The preferred set of prices is then determined based on the sales model, the cost model, and the plurality of rules.
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title Econometric optimization engine
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