Revenue management of callable products
- Summary
- Lead Inventors: Gallego GuillermoMethods, apparatus and media that use callable products to enhance the revenue of perishable capacity providers are described. The method uses algorithms/formulae to determine the best possible callable prices and reserved sales for low fare customers. It includes components for sale offers, customer requests, strike price systems, purchase confirmation and call option exercising for effective revenue managementThe revenue management method maximizes the revenue for industries by allowing for more aggressive bookings at low fare when high fare demand is low, and allows selected low fare bookings to be called if the high fare demand is high.
- Detailed Technology Description
- Methods, apparatus and media that use callable products to enhance the revenue of perishable capacity providers are described. The method uses algorithms/formulae to determine the best possible callable prices and reserved sales for low fare cu...
- *Abstract
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None
- *Inquiry
- Jim Aloise Columbia Technology Ventures Tel: (212) 854-8444 Email: TechTransfer@columbia.edu
- *IR
- M04-023
- *Principal Investigator
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- *Web Links
- Patent number: WO2005062195
- Country/Region
- USA
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