Price optimization with machine learning

It would be preferred if the application is written in PHP since it is a part of CMS (Litecart), but other solutions that would include importing/exporting data would be accepted.

Required functionality:

1) Changes buying, selling and trade-in price of products to the optimal value for maximum profits and also tries to get rid of excess stock

2) Two modes: automatic price adjustment every day at certain hour and the the applocation recommends the changes, but the user has to accept them

3) Must work on used and new products. New products can be reordered (lets say infitive supply), while used products are brought by customers, so the supply is limited and increasing buying price would probably get more products.

4) Suggest removing certain products from sales since cluttering the web page with products that do not sell can hurt overall sales

5) Suggest realocating stock between stores by looking at how well a certain products sells and at what store it is more likely to sell. Sometimes customers pick from a product range and in some cases the specific product is less important, as long as there are some options of this kind of product type.

6) Automatically adding and removing certain products as on sale price with limited time offer.

7) Display sales statistics, number of products sold, total price, revenue,.. per store and online sales.

8) Work with preorders, also adjust their price

9) Recommend stock for items that can be resupplied by entering the number of days the stock should last

The following inputs are available, although some other could be added if possible:

1) quantity available (per store)

2) buying price for each product (note buying and tradein price are different)

3) date and selling price for each product sold

4) number of visitors for the product per day

5) how many times the product has been added to the basket per day (but not necessarly ordered)

6) how often the product has been ordered, but not actually bought (either the customer didn't pick up the product or rejected delivery)

7) in what store the product was purchased or if it was shipped to customer

8) type of product, for example sports, for children, racing

9) when the product will be available (preorders)

For the current stock there is no info for what price the products were purchased, for the new products it will have to be added manually at the moment.

The point of the application is that it is able to adjust to market quickly, there are big differences between time of the year, for example December has sales several times higher as during summer.

Number of sales can often be more important as maximum profits, since it generates more sales in the long run.

Skills: Machine Learning, PHP

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About the Employer:
( 0 reviews ) Ljubljana, Slovenia

Project ID: #17958129

13 freelancers are bidding on average $817 for this job


Price optimization with machine learning Dear sir I have completed projects similar to your requirement in the past. If you could share your project detail requirements, I will share relevant past work and demo. More

$555 USD in 10 days
(46 Reviews)

Ready to make best price optimization software with complete features as [login to view URL] open Message box so that we discuss it in detail Expertise ================== - PHP - Cryptocurrency - Code Ignator - Magento More

$1986 USD in 10 days
(72 Reviews)

Hello. Before I have done many projects similar to this and I am very interested in. And I have done a lot of price predicting and optimizing project using machine learning. If you hire me, I can help you with aweso More

$555 USD in 10 days
(28 Reviews)

Hi, I read your requirement and ready to start working on it but please come over chat for further details discussion to start working on it. Thanks

$1666 USD in 45 days
(55 Reviews)

Hello I have more than 10 years experience in machine learning, data mining, and other AI related fields. in addition i have the required economy (supply and demand rules..etc) and business knowledge to build such sys More

$1666 USD in 30 days
(16 Reviews)

-Interested Project. Pro Math & Algorithm & Statistics & Machine Learning expert. Best result in time----- [login to view URL] I read your description very carefully. I am very interesting for your project because I have r More

$300 USD in 10 days
(32 Reviews)

My profile is as follows:- 4 years of experience in data science,machine learning and artificial intelligence solving complex problems - Proficient in R, Python, SQL,Matlab ; Hands on experience with VBA & Tabl More

$555 USD in 10 days
(23 Reviews)

Hello, I have genuine skills in *Angular, React JS, Node JS. *PHP MVC frameworks such as Wordpress, Laravel, Magento*. *Ruby and Ruby on Rails Don't worry about basic More

$555 USD in 10 days
(26 Reviews)

Hi, Dear. Nice to meet you. I've read your post carefully. I'm Machine Learning expert. We can do discuss more details on the chatting room. Regards. Fang G.

$555 USD in 10 days
(19 Reviews)

Hi, One of our team member is currently working on a consulting firm retail which focuses on stock optimization in retail. We are not experienced in PHP but we can look at what we can do if you are willing to share More

$750 USD in 10 days
(1 Review)

I have been Working in machine learning and data science field since 2+ year. I have done few projects related to optimization also. Would love to take up this project

$400 USD in 7 days
(1 Review)

Work include following steps 1) Gather input data a. Transactional: b. Description of the products: c. Customer Reviews: d. Inventory and supply data. 2) More

$527 USD in 10 days
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Dear Client, We are expertise in php, core php, CMS, HTML5, CSS3, bootstrap, WordPress, OpenCart, Magento, PSD to HTML, Angular JS, Node JS photoshop, OPencart, Codeignitor, Laravel and many other technologies. We have More

$555 USD in 12 days
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