Patent ID: 7739204
Filing Date: 2010-06-15
Classification: G06Q

Abstract:
1. An automated pricing system for calculating a unified price for a bundle of products comprising: a computer; and a display device being associated with the computer, the computer being configured to: calculate a linked usage correlation value R for each candidate product i in the pool of candidate products where R(i,j) is a correlation coefficient between products i and j, said i and j each represents an index and M is a number of candidate products in the pool of candidate products; determine a core product from said candidate products based on the linked usage correlation value wherein said core product has a highest total correlation value of the linked usage correlation values with all joint purchases in the pool of candidate products; and, calculate the unified price based on a correlation coefficient between the core product and each of the candidate products, which are included in the bundle of products, and a standalone price of each of the candidate products wherein the computer, when calculating said unified price, being configured to: adding together all adjusted product prices calculated for said each of the candidate products which are included in the bundle of products.