Availability based value creation method and system

• US 20030191725A1
• Filed: 03/26/2003
• Published: 10/09/2003
• Est. Priority Date: 09/25/2001
• Status: Abandoned Application

• Current Assignee: Sabre Incorporated (Sabre Corp.), Samsung Electronics Co. Ltd.
• Original Assignee: Sabre Incorporated (Sabre Corp.)
• Inventors: Brice, Tony J., Smith, Barry C., Walker, Alan, Ratliff, Richard M.
• Application Number:
  US10/397,708
• Publication Number:
  US 20030191725A1
• Time in Patent Office: Days
• US Class Current: 705/400
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]

Abstract

A method and system for providing price information, comprising receiving a request for price information associated with at least one item; obtaining from a database results responsive to the request; modifying at least one entry in the database results to reflect a more competitive price, when compared to another entry in the database results; and providing the database results to a consumer after completing the modifying step.

Claims

1. A method for providing pricing information, comprising:

receiving pricing command information;

selecting at least one item that satisfies the pricing command information;

applying selection rules to the at least one item to determine if the at least one item is selectable for re-pricing;

if the at least one item is selectable, applying re-pricing rules to a price associated with the at least one item to modify the price to reflect a more competitive position with respect to at least one other item; and

providing the modified price associated with the at least one item-to a user.

2. The method of claim 1, wherein selecting the at least one item further comprises comparing price command information with at least one other item.

3. The method of claim 2, wherein selecting the at least one item further comprises receiving at least one of ASM information for conversion to net fares and net fares for comparison to the pricing command information.

4. The method of claim 1, wherein applying the selection rules further comprises associating information contained in the price command information with at least one criteria to determine if the at least one item is selectable for re-pricing.

5. The method of claim 1, wherein applying the re-pricing rules further comprises increasing the price associated with the at least one item by one of a fixed amount and a percentage, while maintaining the price below a consumer preferred price.

6. The method of claim 5, wherein applying the re-pricing rules further comprises maintaining the price associated with the at least one item above a predetermined limit.

7. The method of claim 1, wherein applying the selection rules further comprises modifying the selection rules based on user instruction.

8. A network node that provides pricing information, comprising:

a host fare pricing computer that receives pricing information and pricing command information and selects at least one item that satisfies the pricing command information; and

a dynamic pricing rules engine that receives the at least one item and applies selection rules to the at least one item to determine if the at least one item is selectable for re-pricing, and if the at least one item is selectable, the at least one item is re-priced to reflect a more competitive position with respect to at least one other item.

9. The network node of claim 8, wherein the at least one item comprises at least one of ASM information for conversion to net fares and net fares for comparison to the pricing command information.

10. The network node of claim 8, wherein the selection rules further comprise at least one selection criteria used to compare against information included in the price command information to determine if the item is selectable for re-pricing.

11. The network node of claim 8, wherein the dynamic re-pricing rules engine re-prices the at least one item by increasing a price associated with the at least one item by one of a fixed amount and a percentage, while maintaining the price below a consumer preferred price.

12. The network node of claim 11, wherein the dynamic re-pricing rules engine re-prices the at least one item and maintains the price above a predetermined limit.

13. The network node of claim 8, further including a graphic user interface for modifying the selection rules based on user instruction.

14. The network node of claim 8, wherein the at least one item is re-priced based on information contained in a third party database.

15. The network node of claim 14, wherein the third party database contains net fares from competitors and other sources on the World Wide Web.

16. A computer-readable medium on which is stored a set of instructions for providing price information, which when executed perform stages comprising:

receiving pricing command information;

selecting at least one item that satisfies the pricing command information;

applying selection rules to the at least one item to determine if the at least one item is selectable for re-pricing;

if the at least one item is selectable, applying re-pricing rules to a price associated with the at least one item to modify the price to reflect a more competitive position with respect to at least one other item; and

providing the modified price associated with the at least one item to a user.

17. The computer-readable medium of claim 16, wherein selecting the at least one item further comprises comparing price command information with at least one other item.

18. The computer-readable medium of claim 17, Wherein selecting the at least one item further comprises receiving at least one of ASM information for conversion to net fares and net fares for comparison to the pricing command information.

19. The computer-readable medium of claim 16, wherein applying the selection rules further comprises associating information contained in the price command information with at least one criteria to determine if the at least one item is selectable for re-pricing.

20. The computer-readable medium of claim 16, wherein applying the re-pricing rules further comprises increasing the price associated with the at least one item by one of a fixed amount and a percentage, while maintaining the price below a consumer preferred price.

21. The computer-readable medium of claim 20, wherein applying the re-pricing rules further comprises maintaining the price associated with the at least one item above a predetermined limit.

22. The computer-readable medium of claim 16, wherein applying the selection rules further comprises modifying the selection rules based on user instruction.

23. A method for providing pricing information, comprising:

receiving at least one of a net fare and an airline fare;

receiving pricing command information including itinerary information;

selecting at least one itinerary associated with the at least one of a net fare and an airline fare to satisfy the pricing command information;

applying selection rules to the at least one itinerary to determine if the at least one itinerary is selectable for re-pricing;

if the at least one itinerary is selectable, applying re-pricing rules to a price associated with the at least one itinerary to modify the price to reflect a more competitive position with respect to at least one other itinerary; and

providing the modified price associated with the at least one itinerary to a user.

24. The method of claim 23, wherein the at least one net fare is derived from converting ASM information to the at least one net fare.

25. The method of claim 23, wherein the selection rules associate the at least one itinerary with at least one criteria to determine if the at least one itinerary is selectable for re-pricing.

26. The method of claim 23, wherein the selection rules are modified based on user instruction.

27. The method of claim 26, wherein the selections rules are modified using a graphical user interface.

28. A computer-readable medium on which is stored a set of instructions for re-pricing of itineraries, which when executed perform stages comprising:

receiving at least one of a net fare and an airline fare;

receiving pricing command information including itinerary information;

selecting at least one itinerary associated with the at least one of a net fare and an airline fare to satisfy the pricing command information.

applying selection rules to the at least one itinerary to determine if the at least one itinerary is selectable for re-pricing; and

if the at least one itinerary is selectable, applying re-pricing rules to a price associated with the at least one itinerary to modify the price to reflect a more competitive position with respect to at least one other itinerary;

29. The computer-readable medium of claim 28, wherein applying the selection rules further comprises associating itinerary information included in the price command information with at least one criteria to determine if the at least one itinerary is selectable for re-pricing.

30. The computer-readable medium of claim 28, wherein applying the re-pricing rules further comprises increasing a price associated with the at least one itinerary by one of a fixed amount and a percentage, while maintaining the price below a consumer preferred price.

31. The computer-readable medium of claim 30, wherein applying the re-pricing rules further comprises maintaining the price associated with the at least one itinerary above a predetermined limit.

32. The computer-readable medium of claim 28, wherein applying the selection rules further comprises modifying the selection rules based on user instruction.