{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11270326","patent":{"patent_number":"US-11270326","title":"Price optimization system","assignee":null,"inventors":[],"filing_date":"2019-04-10T00:00:00.000Z","publication_date":"2022-03-08T00:00:00.000Z","cpc_codes":["G06Q","G06Q","G06F","G06Q","G06Q","G06Q","G06Q"],"num_claims":20,"abstract":"Embodiments determine a price schedule for an item by, for each item, receiving a set of prices for the item, an inventory quantity for the item, a per-segment demand model for the item, and an objective function that is a function of the per-segment demand model and maximizes revenue based at least on a probability of a return of the item and a cost of the return. Embodiments allocate the inventory quantity among a plurality of customer segments based at least on a predicted contribution of each customer segment to the objective function. Embodiments determine a markdown portion of the price schedule for the item that maximizes the objective function, where the markdown portion assigns a series of prices selected from the set of prices for respective time periods during a clearance season for the item."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Price optimization system","description":"Embodiments determine a price schedule for an item by, for each item, receiving a set of prices for the item, an inventory quantity for the item, a per-segment demand model for the item, and an object","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11270326","license":"CC-BY-4.0-like","license_terms":"AI-generated analysis on this page (summary, layman_explanation, technical_analysis, business_analysis, faqs) may be reused with attribution and a visible link back to the canonical URL above. Patent abstracts, claims, and bibliographic data are USPTO public domain.","required_link":"https://patentable.app/patents/US-11270326","citation_suggestion":"Patentable. \"Price optimization system\" (US-11270326). https://patentable.app/patents/US-11270326","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11270326","json":"https://patentable.app/api/llm-context/US-11270326","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-30T22:14:53.272Z"}