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:
Nov. 27, 2012
Filed:
Feb. 04, 2004
William Mcdaniel, Columbia, MD (US);
Tim Tenca, Germantown, MD (US);
Prashant Dave, Bethesda, MD (US);
David Nehme, Austin, TX (US);
William McDaniel, Columbia, MD (US);
Tim Tenca, Germantown, MD (US);
Prashant Dave, Bethesda, MD (US);
David Nehme, Austin, TX (US);
Marriott International, Inc., Bethesda, MD (US);
Abstract
Methods and apparatuses for calculating an optimal revenue total yield for both sleeping and function space in a hospitality establishment for a set of demand that includes both group and transient demands. In a preferred embodiment of the invention, the revenue optimization problem is characterized as a mixed-integer linear programming (MILP) problem and solved using MILP techniques. Preferably, a small value is assigned to the 'cost' of a room upgrade and the cost of room upgrades are included in the revenue function to be optimized. In some embodiments of the invention, the actual revenue yield is compared to the optimum revenue yield.