Patent application number | Description | Published |
20130132128 | OVERBOOKING, FORECASTING AND OPTIMIZATION METHODS AND SYSTEMS - 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 takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, 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. | 05-23-2013 |
20130132129 | NO-SHOW FORECAST METHODS AND SYSTEMS - 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 takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, 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. | 05-23-2013 |
20130132130 | DYNAMIC COST ANALYSIS AND OVERBOOKING OPTIMIZATION METHODS AND SYSTEMS - 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 takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, 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. | 05-23-2013 |
20130132131 | OVERBOOKING AND UPGRADE SOLUTION METHODS AND SYSTEMS - 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 takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, 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. | 05-23-2013 |
20130132132 | OVERBOOKING AND COST MINIMIZATION METHODS AND SYSTEMS - 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 takes into account passenger itinerary data, passenger and market historical data, whether a passenger has flown on a previous leg of an itinerary, 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. | 05-23-2013 |
20140032251 | DYNAMIC COST ANALYSIS AND OVERBOOKING OPTIMIZATION METHODS AND SYSTEMS - 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). Downstreanm inventory control, revenue management and reservations systems may use the optimization data to affect the operation of the airline. | 01-30-2014 |
20140257881 | DEMAND FORECASTING SYSTEMS AND METHODS UTILIZING FARE ADJUSTMENT - A computer based system for fare adjustment is disclosed. For a particular airline fare class, the system evaluates the financial impact of opening or closing the class, for example taking into account both stimulation effects and dilution effects. Via use of an exemplary fare adjustment system, decision-makers may increase revenues (and/or decrease losses) associated with airline fare class openings and closings. | 09-11-2014 |
20140257882 | DEMAND FORECASTING SYSTEMS AND METHODS UTILIZING PRIME CLASS REMAPPING - A computer based system for remapping prime class seat bookings is disclosed. The system remaps prime class bookings a floor class, or if the floor class is closed, into a higher, displacement class. Via remapping, airline systems, such as inventory management systems, revenue management systems, and the like, may better account for the true value of prime class bookings. | 09-11-2014 |
20140257925 | DEMAND FORECASTING SYSTEMS AND METHODS UTILIZING UNOBSCURING AND UNCONSTRAINING - A computer based system for unobscuring and/or unconstraining demand is disclosed. Via use of the system, actual airline seat bookings may be restated in an unobscured and/or unconstrained form, facilitating improved demand forecasts for subsequent seat bookings. In this manner, seat protects may be better allocated to align with actual demand, thus increasing revenue. | 09-11-2014 |