Doc Type: Granted Patent

Method And Computer-readable Medium For Automated Dynamic Pricing Of Products With Parameter-driven State Transitions


The pricing of a product is programmatically managed by defining a plurality of pricing states for the product. Each pricing state has a pricing mechanism associated therewith. A pricing mechanism can be a variable pricing mechanism such as an auction. It can also be a fixed pricing mechanism for the sale, rental, or subscription of the product. One or more triggers are defined, each of which may include one or more trigger parameters, to enable the pricing of the product to transition from one pricing state to another pricing state. In this manner, an automated, systematic approach to pricing management is provided.

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Document History
  • Publication: Sep 10, 2013
  • Application: Jul 16, 2012
    US US 201213550224 A
  • Priority: Jul 16, 2012
    US US 201213550224 A
  • Priority: Nov 3, 2008
    US US 26421208 A
  • Priority: Sep 23, 2004
    US US 94896104 A

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