Patent ID: 11068919

Abstract:
The present invention relates to a computer implemented method of determining the cost of implementing a pricing strategy, the pricing strategy formed by changeable business rules which engender algorithmic constraints, impacting optimized business metrics. The computer implemented method comprising the steps of defining a cohort of at least one of a boundary constrained shelf space and associating with each of the boundary constrained shelf space, in the cohort, a product mix, and a product mix ranking. The computer implemented method continues by using a data processing device to develop, through algorithmic autonomous learning, achievable MEMBER OPTIMAL SALES REVENUE AMOUNT performance absent pricing strategy business rules and MEMBER OPPORTUNITY PRICING STRATEGY SALES REVENUE AMOUNT inclusive of pricing strategy business rules. The OPPORTUNITY PRICING STRATEGY COST is then determined as the difference between the TOTAL MEMBER OPTIMAL SALES REVENUE AMOUNT and the TOTAL MEMBER OPPORTUNITY PRICING STRATEGY SALES REVENUE AMOUNT.