The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jul. 13, 2021
Filed:
Jun. 05, 2018
Ani Technologies Private Limited, Karnataka, IN;
ANI TECHNOLOGIES PRIVATE LIMITED, Bengaluru, IN;
Abstract
A method and a system for maximizing share-ride bookings in a geographical area in a ride-sharing system are provided. Historical share-ride demands for the geographical area are estimated. A time period is segmented into time intervals such that each time interval has an equal count of the estimated historical share-ride demands. A conversion rate and a gross merchandise value (GMV) per unit of distance are determined for a first time interval at a check point of a second time interval. Error signals are generated at the check point based on deviations in the conversion rate and the GMV per unit of distance with respect to a defined conversion rate and a defined GMV per unit of distance, respectively. A share-ride fare in the second time interval is controlled based on the error signals to maximize the share-ride bookings during the second time interval.