{"schema_version":"1.0","canonical_url":"https://patentable.app/patents/US-11532000","patent":{"patent_number":"US-11532000","title":"Systems and methods for algorithmic pricing","assignee":null,"inventors":[],"filing_date":"2018-10-12T00:00:00.000Z","publication_date":"2022-12-20T00:00:00.000Z","cpc_codes":["G06Q","G06Q","G06Q"],"num_claims":20,"abstract":"Systems and methods including one or more processing modules and one or more non-transitory storage modules storing computing instructions configured to run on the one or more processing modules and perform acts of calculating a halo weight for at least one item of a set of items, where the halo weight can comprise an effect sales of the at least one item has on sales of the set of items; calculating an item-wise elasticity for the at least one item; calculating a line-wise elasticity for the at least one item of the set of items; calculating an aggregate elasticity for the at least one item using the item-wise elasticity and the line-wise elasticity; calculating a demand forecast for the at least one item of the set of items; optimizing an objective function comprising the halo weight, the aggregate elasticity, the demand forecast, and at least one external constraint; adjusting at least one price of the at least one item based on the objective function, as optimized; and displaying the at least one price, as adjusted, on a display device. Other embodiments are disclosed herein."},"analysis":{"summary":null,"layman_explanation":null,"technical_analysis":null,"business_analysis":null,"faqs":null,"topics":[],"tech_cluster":null},"seo":{"title":"Systems and methods for algorithmic pricing","description":"Systems and methods including one or more processing modules and one or more non-transitory storage modules storing computing instructions configured to run on the one or more processing modules and p","keywords":[]},"attribution":{"source":"Patentable","source_url":"https://patentable.app","canonical_url":"https://patentable.app/patents/US-11532000","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-11532000","citation_suggestion":"Patentable. \"Systems and methods for algorithmic pricing\" (US-11532000). https://patentable.app/patents/US-11532000","copyright_holder":"Nomic Interactive Technology LLC"},"links":{"html":"https://patentable.app/patents/US-11532000","json":"https://patentable.app/api/llm-context/US-11532000","site":"https://patentable.app","llms_txt":"https://patentable.app/llms.txt"},"generated_at":"2026-05-31T02:41:59.292Z"}