Invention Grant
US08600787B2 Dynamic cost analysis and overbooking optimization methods and systems
有权
动态成本分析和超量预算优化方法和系统
- Patent Title: Dynamic cost analysis and overbooking optimization methods and systems
- Patent Title (中): 动态成本分析和超量预算优化方法和系统
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Application No.: US13352667Application Date: 2012-01-18
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Publication No.: US08600787B2Publication Date: 2013-12-03
- Inventor: James Fox , Randeep Ramamurthy , Julianne Anderson , Arthur Busse , Marcial Lapp , Daniel Muzich , Thomas Trenga
- Applicant: James Fox , Randeep Ramamurthy , Julianne Anderson , Arthur Busse , Marcial Lapp , Daniel Muzich , Thomas Trenga
- Applicant Address: US AZ Tempe
- Assignee: US Airways, Inc.
- Current Assignee: US Airways, Inc.
- Current Assignee Address: US AZ Tempe
- Agency: Snell & Wilmer L.L.P.
- Main IPC: G06Q10/00
- IPC: G06Q10/00 ; G06Q50/00

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.
Public/Granted literature
- US20130132130A1 DYNAMIC COST ANALYSIS AND OVERBOOKING OPTIMIZATION METHODS AND SYSTEMS Public/Granted day:2013-05-23
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