Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Reservation – check-in – or booking display for reserved space
Reexamination Certificate
2005-05-17
2005-05-17
Dixon, Thomas A. (Department: 3629)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Reservation, check-in, or booking display for reserved space
C705S007380, C705S015000
Reexamination Certificate
active
06895381
ABSTRACT:
The present invention provides a system and method for predicting the likelihood of materialization of pending wait-listed reservations for the purchase of perishable commodities. Details pertaining to perishable commodities for which reservations for purchase have been made in the past, are gathered and analyzed as are details pertaining to reservation requests stored in a wait list. Based upon the analysis, the likelihood that a particular pending reservation will actually be purchased or “materialize” if it is taken off the wait-list and actually reserved is determined and this information is utilized for yield management.
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L. R. Weatherford & S. E. Bodily, A Taxonomy and Research Overview of Perishable-Asset Revenue Management: Yield Management, Overbooking, and Pricing, 40 Operations Research 5, pp. 831-844 (1992).
Dixon Thomas A.
Pivnichny John R.
Synnestvedt & Lechner LLP
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