Patent ID: 8812348
Filing Date: 2014-08-19
Classification: G06Q

Abstract:
1. A method of providing model-based promotion and price computation in a system having a manufacturer computing device, a retailer computing device, a controller, a network and an auditing device, the method comprising the steps of: the manufacturer computing device providing promotion information to be considered in developing the promotion and price computation model wherein the promotion information includes a schedule that is encrypted; the retailer computing device providing price determination parameters to develop the promotion and price computation model based on the schedule of the promotion information, wherein the retailer decrypts the schedule received from the manufacturer computing device on a segment-by-segment basis such that only information from a current segment is decrypted; developing in the controller that the promotion and price computation model from the promotion information provided by the manufacturer computing device and the price determination parameters provided by the retailer computing device to implement a promotion; calculating by the controller a retail price based on information provided by the promotion and price computation model; and auditing of improperly implemented promotions.