Global maximization of time limit revenues by a travel provider

The invention relates to a computer-implemented method and system to generate travel booking option related data, comprising a step of calculating a time limit value for an option to reserve a travel reservation for some period of time, without making a payment to issue a ticket, and also calculatin...

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Bibliographic Details
Main Authors CAZEAUX, OLIVIER, TRAN, BERTRAND, PIOGER, AURELIEN, BOYADJI , CYRIL, AMBOLET , PATRICE
Format Patent
LanguageEnglish
French
German
Published 01.05.2013
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:The invention relates to a computer-implemented method and system to generate travel booking option related data, comprising a step of calculating a time limit value for an option to reserve a travel reservation for some period of time, without making a payment to issue a ticket, and also calculating an option fee amount, where the time limit value and the option fee amount are jointly calculated to maximize a revenue gain of the travel provider.
Bibliography:Application Number: EP20110306372