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:
Aug. 22, 2017
Filed:
Dec. 14, 2016
Xerox Corporation, Norwalk, CT (US);
John C. Handley, Fairport, NY (US);
Conduent Business Services, LLC, Dallas, TX (US);
Abstract
A system in a public transit network may include a fare collection system, a fare management system, and a processing device for assessing the riskiness of fare classes in the transit network and causing the fare management system to take an action based on the assessment. Particularly, the processing device will receive fare information from the fare collection system, such as via a token reader, determine a fare return series over a period of time, apply a Capital Asset Pricing Model to the fare return series and assess the return versus volatility chart for multiple fare classes. Based on the assessment, the processing device will cause the fare management system to take an action such as changing a fare price or a route, deleting a fare class or a route, combining one or more fare classes or routes, or combining one or more fare classes with one or more routes.