US Patent Issued to TATA CONSULTANCY SERVICES on July 21 for "Method and a system for optimizing E-commerce markdown price based on contextual bandit technique" (Indian Inventors)

ALEXANDRIA, Va., July 21 -- United States Patent no. 12,688,486, issued on July 21, was assigned to TATA CONSULTANCY SERVICES Ltd. (Mumbai, India).

"Method and a system for optimizing E-commerce markdown price based on contextual bandit technique" was invented by Uma Maheswari Govindaraju (Chennai, India), Srividhya Sethuraman (Chennai, India) and Sharadha Ramanan (Chennai, India).

According to the abstract* released by the U.S. Patent & Trademark Office: "This disclosure relates generally to optimizing markdown price and, more particularly, to a method and a system for optimizing E-commerce markdown price based on contextual bandit technique. E-commerce and retail industries employ several strategies to boost business, of which markdown ...