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:
Feb. 28, 2012
Filed:
Apr. 10, 2009
Steven A. Sunshine, Pasadena, CA (US);
Rod Goodman, Long Beach, CA (US);
Michael Arya, Pasadena, CA (US);
Larry Chu, Van Nuys, CA (US);
Michael Ripberger, Santa Monica, CA (US);
Steven A. Sunshine, Pasadena, CA (US);
Rod Goodman, Long Beach, CA (US);
Michael Arya, Pasadena, CA (US);
Larry Chu, Van Nuys, CA (US);
Michael Ripberger, Santa Monica, CA (US);
TixTrack, Inc., Pasadena, CA (US);
Abstract
A system and method is presented for determining at what price and when to release so-called 'flex' price tickets during an on-sale using hazard functional analyses of sales velocity and sales/inquiry ratios. Exponential, power, and Weibull-gamma models are also used to predict demand, depending on what part of the on-sale is involved. Determining demand of seats from secondary markets is also described with methods to use the demand for either repricing the seats in the primary market or presenting 'best value' seats to a prospective purchaser. Demand can be interpolated or extrapolated to individual seats or rows.
Data source: USPTO (United States Patent and Trademark Office) public patent records. Weekly synchronization. How IDiyas builds this profile