Patent ID: 7752069
Filing Date: 2010-07-06
Classification: G06Q,G06T

Abstract:
1. A computer implemented method for selecting a site, the method comprising steps, performed by a computer, of: defining a first market area for a first site and a second market area for a second site, the first and second market areas being associated with population data; establishing a plurality of bands for the first market area and the second market area; weighting the plurality of bands for the first market area and the second market area according to a common market-related factor, the step of weighting comprising weighting the population data associated with the first and second market areas and applying individual weights to the plurality of bands; applying a net demand model to the plurality of bands for the first market and to the plurality of bands for the second market area, wherein the step of applying comprises: preparing, using the computer, a first maximum commodity price for the first market area and a second maximum commodity price for the second market area based on at least the adjusted supply and demand data; selecting one of the first site and the second site based on the generated first maximum commodity price and the second maximum commodity price; and storing the first maximum commodity price and the second maximum commodity price.