SERVER AND METHOD OF DETERMINING AN ADVANCED BOOKING FEE FOR AN ADVANCE BOOKING

• Main Authors: LI, Wentong, WENG, Renrong, LIU, Jialin, PHANG, Chun Kai
• Format: Patent
• Language: English
• Published: 04.05.2023
• 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

A server configured to determine an advanced booking fee for an advance booking is disclosed. The server may include one or more processor(s) and a memory having instructions stored therein. The instructions when executed by the one or more processor(s), may cause the one or more processor(s) to receive an advanced booking enquiry over a communication network from a user device for a predetermined transportation service at a predetermined future time from a service provider. The one or more processor(s) may determine a call option price based on a difference between a predetermined fare price of the advance booking and a potential future trip price. The one or more processor(s) may determine an earning adjustment for the service provider to provide the predetermined transportation service at the predetermined future time. The one or more processor(s) may determine the advanced booking fee for the predetermined transportation service at the predetermined future time based on the call option price and the earning adjustment.