DEMAND-SUPPLY MATCHING WITH A TIME AND VIRTUAL SPACE NETWORK
In one embodiment, a computer-implemented method includes receiving historical transaction data related to a product. A demand model is calibrated to forecast demand for each of one or more zones and each of one or more channels over which the product is sold. A time-and-virtual-space (TVS) network...
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Main Authors | , , , |
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Format | Patent |
Language | English |
Published |
29.09.2016
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Subjects | |
Online Access | Get full text |
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Summary: | In one embodiment, a computer-implemented method includes receiving historical transaction data related to a product. A demand model is calibrated to forecast demand for each of one or more zones and each of one or more channels over which the product is sold. A time-and-virtual-space (TVS) network is constructed, by a computer processor, to include one or more supply nodes and one or more sink nodes. Each of the supply nodes represents inventory of the product at a corresponding physical location, and each of the sink nodes represents a calibrated demand for the product. Based on the TVS network, a low-cost plan is determined for an omni-channel retail environment. The low-cost plan specifies at least one of allocation of the product across physical stores, partitioning of the inventory of the product for virtual sales, and pricing of the product. |
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Bibliography: | Application Number: US201514745489 |