04775936 is referenced by 72 patents and cites 2 patents.

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.

Title
Overbooking system
Application Number
6/846225
Publication Number
4775936
Application Date
March 31, 1986
Publication Date
October 4, 1988
Inventor
Jerrold M Jung
49520 W. Seven Mile Rd., Northville, 48167
MI, US
Agent
Harness Dickey & Pierce
IPC
G06F 15/20
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