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:
Sep. 19, 2006
Filed:
Jun. 08, 2001
Robert L. Phillips, Palo Alto, CA (US);
Michael Eldredge, Menlo Park, CA (US);
Dave Levett, Surrey, GB;
Nancy Pyron, Smyrna, GA (US);
Jeremy S. Cohen, Sunnyvale, CA (US);
George Cao, Sunnyvale, CA (US);
Kirsten Holmquist, Sunnyvale, CA (US);
Bill Buckalew, Newnan, GA (US);
Stanley YE, Mountain View, CA (US);
Andrew Mace, Peachtree City, GA (US);
Robert L. Phillips, Palo Alto, CA (US);
Michael Eldredge, Menlo Park, CA (US);
Dave Levett, Surrey, GB;
Nancy Pyron, Smyrna, GA (US);
Jeremy S. Cohen, Sunnyvale, CA (US);
George Cao, Sunnyvale, CA (US);
Kirsten Holmquist, Sunnyvale, CA (US);
Bill Buckalew, Newnan, GA (US);
Stanley Ye, Mountain View, CA (US);
Andrew Mace, Peachtree City, GA (US);
Manugistics, Inc., Rockville, MD (US);
Abstract
The present invention provides an event revenue management system that calculates event pricing to manage revenue and to maximize profit from the event. In particular, the system uses event parameters, including timing, resource, and discount categories, and initializes forecasting parameters. The system aggregates historical data using the forecasting parameters to generate initial forecast statistics, taking into account the event parameters. It then forecasts demand by updating the initial forecast statistics based on current data and optimizes pricing and availability of the event based on the forecasted demand.