Dynamic return/sell back pricing based on product usage

An approach is provided for determining a price of a product. After a purchase of the product, data specifying usage of the product is obtained. The data is being collected by one or more sensors coupled to the product. Based on the data specifying the usage, a price of the product is determined for...

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Bibliographic Details
Main Authors Greenberger, Jeremy A, DeLuca, Lisa Seacat
Format Patent
LanguageEnglish
Published 23.03.2021
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:An approach is provided for determining a price of a product. After a purchase of the product, data specifying usage of the product is obtained. The data is being collected by one or more sensors coupled to the product. Based on the data specifying the usage, a price of the product is determined for a return of the product or a sell back of the product.
Bibliography:Application Number: US201715833490