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Method and system for robust pricing solution

A pricing and scheme technology, applied in the field of pricing systems, can solve problems such as suboptimal pricing schemes and missed revenues

Inactive Publication Date: 2015-06-03
IBM CORP
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  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Problems solved by technology

This can result in an overly conservative solution, and while the desired revenue will be achieved, the resulting pricing scheme is not optimal for the applicable firm since potential revenue will be missed

Method used

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  • Method and system for robust pricing solution
  • Method and system for robust pricing solution
  • Method and system for robust pricing solution

Examples

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Embodiment Construction

[0014] Various embodiments of the disclosed pricing systems and methods provide robust pricing schemes based on estimated ranges of price elasticity of demand.

[0015] figure 1 A block diagram of a computer system 100 for implementing a pricing system or method is shown, according to some embodiments. The pricing systems and methods described herein can be implemented in hardware, software (eg, firmware), or a combination thereof. In an exemplary embodiment, the described methods may be implemented at least partially in hardware and may be part of a microprocessor of a special purpose or general purpose computer system 100 such as a personal computer, workstation, minicomputer or mainframe.

[0016] Such as figure 1 As shown, in the exemplary embodiment, computer system 100 includes processor 105, memory 110 coupled to memory controller 115, and one or more input devices 145 and / or output devices 140, such as via local I / O The controller 135 may communicatively couple peri...

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Abstract

In one embodiment, a computer-implemented method includes identifying a plurality of origin-destination (OD) pairs within a transportation network. A plurality of ranges for price elasticities may be calculated, where the ranges include at least one price elasticity range for each of the OD pairs, and where, for each OD pair, the associated range of the price elasticity spans multiple values. A robustness parameter may be received. A pricing scheme may be calculated, by a computer processor, based at least in part on the robustness parameter, where the pricing scheme includes a price for each of the OD pairs in the network and is at least partially based on the robustness parameter and the plurality of ranges for the price elasticities.

Description

technical field [0001] Various embodiments of the present disclosure relate to pricing systems, and more particularly to robust pricing solutions for transportation networks and other products and services. Background technique [0002] Pricing and ultimate revenue management are of central and increasing importance in the travel and transportation (T&T) industry as well as other product and service industries. Due to the growing liberalization in T&T, pricing is one of the most strategic and powerful ways that T&T companies can improve their commercial and financial performance. From a market point of view, pricing will affect passenger satisfaction and trust in transportation companies. Additionally, pricing is a powerful tool in capacity management and load balancing. The incoming recession has forced transportation companies to reevaluate their pricing practices in order to recoup profits without putting too much revenue at risk. For all these reasons, the global T&T ...

Claims

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Application Information

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Patent Type & Authority Applications(China)
IPC IPC(8): G06Q10/04G06Q30/02G06Q10/08
CPCG06Q30/0206G06Q50/14
Inventor O·嘉蕾B·卡瓦斯
Owner IBM CORP