Dynamic pricing of a resource

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8458011
APP PUB NO 20110238460A1
SERIAL NO

12730660

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Abstract

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A method of dynamic pricing of a resource is presented. For example, the method includes determining a set of anticipated demands for one or more users to acquire the resource according to uncertainty of the one or more users in preferring one or more certain time periods of a plurality of time periods for acquiring the resource. Prices for the resource differ between at least two of the plurality of time periods. Each anticipated demand of the set is associated with a different one of the plurality of time periods. The method further includes setting prices for the resource during each of the plurality of time periods according to the determined set of anticipated demands. The determining of the set of anticipated demands and/or the setting of prices are implemented as instruction code executed on a processor device.

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Patent Owner(s)

  • INTERNATIONAL BUSINESS MACHINES CORPORATION;KING ABDULLAH UNIVERSITY OF SCIENCE AND TECHNOLOGY

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Al-Dawsari, Monther Abdullah Dhahran, SA 1 35
Jamjoom, Hani Talal White Plains, US 10 47
Podlaseck, Mark Edward Warren, US 13 1333
Qu, Huiming White Plains, US 26 246
Ruan, Yaoping White Plains, US 70 1106
Saure, Denis Roland New York, US 1 35
Shae, Zon-yin South Salem, US 70 1703
Sheopuri, Anshul White Plains, US 54 293

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