Group number: G5

                                                       Group Members:

                                                              Projjwal Raj (12041160)
                                                               Mohit Kumar (1204____)
                                                             Chinmay Sahoo (12040480 )

Table of contents

Problem Statement

Finding how much discount should a shopping website should offer on a product on the basis of factors like product demand, availability and date since available, using fuzzy logic algorithm and Takagi and Sugeno’s Approach, given that the maximum discount that can be offered is 60%.

Introduction

Shopping website like Myntra has algorithm to decide how much discount should it offer on a given product. The algorithm considers several factors, a few of them being

i) demand of the product in the market

higher the demand, lower will be the discount offered for the product and vice versa.

ii) stock available with the seller

If the stock available with the seller is high, the seller should offer higher discount and vice versa.

iii) span of time the product has been in the warehouse

Consider a product is new in very the market then the seller would not offer much discount to it even if its demand is quite low or its stock available with the seller is abundant. This is because, newer product may take some time to grasp the market and for the consumer to get to know about it.

Design of the solution

We are taking three inputs to the program, I$_1$, I$_2$ and I$_3$, standing for demand, stock and time since its first sale respectively.

First Input, I$_1$