Patent ID: 7725376
Filing Date: 2010-05-25
Classification: G06Q

Abstract:
1. An apparatus comprising: a processor configured to define a plurality of independent component markets for a good, wherein for each of the component markets, the processor being configured to define the component market includes being configured to: wherein the processor is also configured to generate a model of at least one of demand or supply for the good in an aggregate market formed of the component markets, the processor being configured to generate the model of at least one of demand or supply for the good in the aggregate market from the price sensitivity probability distributions and market potential probability distributions of the component markets, wherein a model of demand reflects a dependence between a quantity of the good demanded by consumers and a price per unit of the good in the aggregate market, and a model of supply reflects a dependence between a quantity of the good supplied to consumers and a price per unit of the good in the aggregate market.