Company Filing History:
Years Active: 2012-2013
Title: Raymond Scott Chandler: Innovator in Real-Time Revenue Management
Introduction
Raymond Scott Chandler is an accomplished inventor based in Frisco, TX (US). He has made significant contributions to the field of revenue management through his innovative patents. With a total of 2 patents, Chandler's work focuses on optimizing network systems for enhanced revenue generation.
Latest Patents
Chandler's latest patent is titled "System and method for real-time revenue management." This invention provides a comprehensive system that receives data from a scheduling system related to a network comprising multiple legs. The system identifies a sub-network within the larger network and triggers optimization processes. It calculates an expected traffic value for the identified sub-network using various statistical methods, including a forecast of expected demand and a gamma distribution equation. The updated inventory information value is then generated and transmitted back to the scheduling system, ensuring maximum revenue generation.
Career Highlights
Chandler is currently employed at American Airlines, Inc., where he applies his expertise in revenue management. His innovative approach has contributed to the efficiency and profitability of the airline's operations.
Collaborations
Chandler has collaborated with notable colleagues, including Shau-Shiang Sunny Ja and Timothy Lee Jacobs. Their combined efforts have further advanced the field of revenue management.
Conclusion
Raymond Scott Chandler's contributions to real-time revenue management exemplify the impact of innovation in the airline industry. His patents not only enhance operational efficiency but also pave the way for future advancements in revenue optimization.