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:
Dec. 03, 2013
Filed:
Jan. 18, 2012
James Fox, Phoenix, AZ (US);
Randeep Ramamurthy, Phoenix, AZ (US);
Julianne Anderson, Tempe, AZ (US);
Arthur Busse, Tempe, AZ (US);
Marcial Lapp, Ann Arbor, MI (US);
Daniel Muzich, Phoenix, AZ (US);
Thomas Trenga, Mesa, AZ (US);
James Fox, Phoenix, AZ (US);
Randeep Ramamurthy, Phoenix, AZ (US);
Julianne Anderson, Tempe, AZ (US);
Arthur Busse, Tempe, AZ (US);
Marcial Lapp, Ann Arbor, MI (US);
Daniel Muzich, Phoenix, AZ (US);
Thomas Trenga, Mesa, AZ (US);
US Airways, Inc., Tempe, AZ (US);
Abstract
A computer based system for maximizing revenue by determining an optimal quantity of a product to be sold is disclosed. The system determines the optimal number of seats to be sold for a flight based upon the flight's capacity and forecasted costs associated with the flight. The forecasting is based upon probabilistic distribution models and takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, and the ripple denied boarding effect of reaccommodating a denied passenger. The system evaluates the potential effect of double selling a unit of inventory (e.g., seats). Downstream inventory control, revenue management and reservations systems may use the optimization data to affect the operation of the airline.