Patent ID: 8762294
Filing Date: 2014-06-24
Classification: G06Q

Abstract:
1. A non-transitory computer-readable medium having instructions stored thereon that, when executed by a processor, cause the processor to perform dynamic pricing of at least one item of an order, the performing comprising: providing a pricing engine configured to make modifications to a price to be paid by a customer; providing price environment input comprising customer information, order information, item information, and conditional rules, wherein the conditional rules comprise a condition that must be satisfied for the at least one item to qualify for a discount and a target upon which to apply the discount, and wherein the target is defined based upon metadata about the at least one item; extracting the conditional rules from the price environment and storing the conditional rules in a database; initially determining the price for the at least one item that is not conditional; determining that the at least one item is part of the target of the extracted conditional rules based upon the metadata about the at least one item; modifying the price for the at least one item based upon the extracted conditional rules; modifying the price for the at least one item based upon at least one pricing algorithm; and providing a price information output comprising the price of the order and the price calculation history for all individual items in the order, the price calculation history including the calculations made and conditional rules used to calculate the price of an item.