The Practice of an Optimal Pricing Strategy for Maximizing Store Profits Using PRISM

The purpose of this paper is to introduce a process for implementing optimal pricing that uses PRISM to maximize store profits. PRISM is a system and process that uses data mining technology to process large volumes of data, then develops a probability model for customer purchases, and which then uses a heuristic approach to identify the pricing pattern that will maximize store profits. For this paper, we used customer purchase data from Japanese supermarkets to identify the optimal pricing pattern for curry roux, which would maximize store profits.