Apparatus and method of allocating flight inventory resources based on the current market value
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United States of America Patent
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Jul 4, 2000
Grant Date -
N/A
app pub date -
Mar 4, 1997
filing date -
Sep 15, 1993
priority date (Note) -
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status (Latency Note)
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Abstract
The present invention relates to an inventory control method and architecture that maximizes revenues derived from the sale of a given inventory resource to a customer. More particularly, the present invention uses a continuous nested execution environment that allows a determination of a minimum acceptable price by continuously computing an optimal sale price based on current demand and supply and expected cancellations. The method described accesses a centrally located information repository and retrieves an inventory resource type and value allowing requests below the minimum acceptable price to be rejected, while requests above the minimum acceptable price can be accepted thus allowing the resource provider to maximize incoming revenues from the sale of its inventory of reservations.
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