SYSTEM AND METHODS FOR GENERATING QUANTITATIVE PRICING POWER AND RISK SCORES
The present invention relates to a quantitative pricing power and pricing risk score generator and methods therefore, useful in association with an integrated price management system. Such a system may include a segment generator, a segment pricing power analyzer, and a segment pricing risk analyzer...
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Main Authors | , , , , , , |
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Format | Patent |
Language | English |
Published |
15.10.2009
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Subjects | |
Online Access | Get full text |
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Summary: | The present invention relates to a quantitative pricing power and pricing risk score generator and methods therefore, useful in association with an integrated price management system. Such a system may include a segment generator, a segment pricing power analyzer, and a segment pricing risk analyzer. The segment generator may receive or generate segments associated with a customer. Segment generation uses transaction level data which includes product attribute information, market data, and transaction history data. The segment pricing power analyzer and risk analyzer identify pricing power and risk factors, and assign raw scores to each factor, generates a weight for each raw score for each of the pricing power factors, and generates the quantitative pricing power and risk scores for each segment by computing a weighted average of the factors using the generated weights for each of the raw scores. Weights may be assigned according to default values or may be generated via an optimization. |
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Bibliography: | Application Number: US20090408862 |