Overbooking system

Details Overbooking system Overbooking system

1986-03-31

1988-10-04

Smith, Jerry

Boots, shoes, and leggings

364401, G06F 1520

Patent

active

047759364

ABSTRACT:
A system and method for determining a recommended overbooking level for a scarce resource such as seats on a vehicle, e.g. an aircraft, so that the the advance bookings are at a level which maximizes profits while, at the same time, minimizes dissatisfaction with supply. When used with an airline reservation system the system and method of the invention collect information about the past history of the passenger traffic on each aircraft and calculate the recommended overbooking level as a function of three intermediate booking level calculations. The three intermediate booking levels are a demand-based booking level, an oversale-based booking level, and a prediction-based booking level. In the preferred embodiment, the recommended overbooking level is calculated as the weighted average of the three intermediate booking levels.

REFERENCES:
patent: 4375097 (1983-02-01), Ulug
Marvin Rothstein, "OR and the Airline Overbooking Problem", Mar.-Apr. 1985, pp. 237-247.

Affiliated with

Also associated with

Rating

Overbooking system does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Overbooking system, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Overbooking system will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-2159141