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1. IN1547/KOLNP/2007 - METHOD FOR PRICING PRODUCTS IN A RETAIL STORE

Office India
Application Number 1547/KOLNP/2007
Application Date 01.05.2007
Publication Number 1547/KOLNP/2007
Publication Date 27.07.2007
Publication Kind A
IPC
G PHYSICS
06
COMPUTING; CALCULATING; COUNTING
F
ELECTRIC DIGITAL DATA PROCESSING
17
Digital computing or data processing equipment or methods, specially adapted for specific functions
G06F 17/00
Applicants DUNNHUMBY LIMITED
Inventors HINDS, MARK
WILHITE, MICHAEL
Priority Data 11073354 04.03.2005 US
60/618,300 13.10.2004 US
Title
(EN) METHOD FOR PRICING PRODUCTS IN A RETAIL STORE
Abstract
(EN)
A method for pricing products such as goods that are sold in a retail store. The method of the present invention is carried out using the following five-step process: (a) evaluating transaction data for a plurality of consumers; (b) classifying the plurality of consumers into a plurality of consumer groups; (c) identifying a product category; (d) classifying products in the product category into a plurality of product groups, the product groups being based at least in part on the plurality of consumer groups; and (e) setting the retail price of a product in the product category, the retail price being based at least in part on the product group into which the product is classified.