Methods and systems for pricing an inventory unit

• US 20040093288A1
• Filed: 11/12/2002
• Published: 05/13/2004
• Est. Priority Date: 11/12/2002
• Status: Abandoned Application

• Current Assignee: Sabre Incorporated (Sabre Corp.)
• Original Assignee: Sabre Incorporated (Sabre Corp.)
• Inventors: McQuarrie, Dianne R., Strothmann, Russell L.
• Application Number:
  US10/291,485
• Publication Number:
  US 20040093288A1
• Time in Patent Office: Days
• US Class Current: 705/29
• CPC Class Codes: G06Q 10/0875 Itemisation or classification of parts, supplies or services, e.g. bill of materials
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions

Abstract

Pricing an inventory unit includes receiving inventory data corresponding to the inventory unit and analyzing the inventory data to determine a dynamic market condition for the inventory unit. In addition, pricing an inventory unit further includes setting a sales price for the inventory unit based upon the dynamic market condition. Moreover, pricing an inventory unit may further include offering the inventory unit for sale at the sales price or setting a sales commission for the inventory unit based upon the dynamic market condition. In addition, pricing the inventory unit may include a framework for managing multiple criteria and objectives in determining an appropriate response to a dynamic market condition.

Claims

1. A method for pricing an inventory unit comprising:

receiving inventory data corresponding to the inventory unit;

analyzing the inventory data to determine a dynamic market condition for the inventory unit; and

setting a sales price for the inventory unit based upon the dynamic market condition.

2. The method for pricing the inventory unit of claim 1, wherein the inventory data is provided by a vendor of the inventory unit.

3. The method for pricing the inventory unit of claim 1, wherein the inventory unit comprises at least one of a cruise, air transportation, hotel accommodations, a rental vehicle, and condominium accommodations.

4. The method for pricing the inventory unit of claim 3, wherein if the inventory unit comprises a cruise, the inventory data comprises at least one of cabin class inventory availability, days until sailing, ship name, departure port, departure date, arrival port, and arrival date.

5. The method for pricing the inventory unit of claim 1, wherein the inventory data comprises at least one of commission discounts, risk inventory position, minimum acceptable wholesale price, competitor'"'"'s inventory, seasonality, destination, upgrade allowance, and vendor.

6. The method for pricing the inventory unit of claim 1, wherein the inventory data is received using at least one of regular mail, e-mail, facsimile, internet, a network, and an interactive voice response system.

7. The method for pricing the inventory unit of claim 1, wherein analyzing the inventory data to determine the dynamic market condition for the inventory unit further comprises:

providing at least two weights based upon the inventory data, each of the weights corresponding to a different one of a plurality of weighting categories; and

summing the at least two weights, the sum corresponding to the dynamic market condition.

8. The method for pricing the inventory unit of claim 7, wherein the plurality weighting categories comprise cruise line, cruise ship, cabin grade, cabin inventory, destination, departure port, arrival port, days till departure, and available inventory on other ships similar to the inventory unit.

9. The method for pricing the inventory unit of claim 7, wherein setting the sales price for the inventory unit based upon the dynamic market condition further comprises establishing the sales price in proportion to the sum of the weights.

10. The method for pricing the inventory unit of claim 1, further comprising offering the inventory unit for sale at the sales price.

11. The method for pricing the inventory unit of claim 10, wherein the inventory unit is offered for sale using at least one of regular mail, e-mail, facsimile, internet, a network, and an interactive voice response system.

12. The method for pricing the inventory unit of claim 1, further comprising setting a sales commission for the inventory unit based upon the dynamic market condition.

23. The system for pricing the inventory unit of claim 10, wherein the inventory unit is offered for sale using at least one of regular mail, e-mail, facsimile, internet, a network, and an interactive voice response system.

13. A system for pricing an inventory unit comprising:

a component for receiving inventory data corresponding to the inventory unit;

a component for analyzing the inventory data to determine a dynamic market condition for the inventory unit; and

a component for setting a sales price for the inventory unit based upon the dynamic market condition.

14. The system for pricing the inventory unit of claim 13, wherein the inventory data is provided by a vendor of the inventory unit.

15. The system for pricing the inventory unit of claim 13, wherein the inventory unit comprises at least one of a cruise, air transportation, hotel accommodations, a rental vehicle, and condominium accommodations.

16. The system for pricing the inventory unit of claim 15, wherein if the inventory unit comprises a cruise, the inventory data comprises at least one of cabin class inventory availability, days until sailing, ship name, departure port, departure date, arrival port, and arrival date.

17. The system for pricing the inventory unit of claim 13, wherein the inventory data comprises at least one of commission discounts, risk inventory position, minimum acceptable wholesale price, competitor'"'"'s inventory, seasonality, destination, upgrade allowance, and vendor.

18. The system for pricing the inventory unit of claim 13, wherein the inventory data is received using at least one of regular mail, e-mail, facsimile, internet, a network, and an interactive voice response system.

19. The system for pricing the inventory unit of claim 13, wherein the component for analyzing the inventory data to determine the dynamic market condition for the inventory unit is further configured for:

providing at least two weights based upon the inventory data, each of the weights corresponding to a different one of a plurality of weighting categories; and

summing the at least two weights, the sum corresponding to the dynamic market condition.

20. The system for pricing the inventory unit of claim 19, wherein the plurality weighting categories comprise cruise line, cruise ship, cabin grade, cabin inventory, destination, departure port, arrival port, days till departure, and available inventory on other ships similar to the inventory unit.

21. The system for pricing the inventory unit of claim 19, wherein the component for setting the sales price for the inventory unit based upon the dynamic market condition is further configured for establishing the sales price in proportion to the sum of the weights.

22. The system for pricing the inventory unit of claim 13, further comprising a component for offering the inventory unit for sale at the sales price.

24. The system for pricing the inventory unit of claim 13, further comprising a component for setting a sales commission for the inventory unit based upon the dynamic market condition.

25. A computer-readable medium on which is stored a set of instructions for pricing an inventory unit, which when executed perform stages comprising:

receiving inventory data corresponding to the inventory unit;

analyzing the inventory data to determine a dynamic market condition for the inventory unit; and

setting a sales price for the inventory unit based upon the dynamic market condition.

26. The computer-readable medium for pricing the inventory unit of claim 25, wherein the inventory data is provided by a vendor of the inventory unit.

27. The computer-readable medium for pricing the inventory unit of claim 25, wherein the inventory unit comprises at least one of a cruise, air transportation, hotel accommodations, a rental vehicle, and condominium accommodations.

28. The computer-readable medium for pricing the inventory unit of claim 27, wherein if the inventory unit comprises a cruise, the inventory data comprises at least one of cabin class inventory availability, days until sailing, ship name, departure port, departure date, arrival port, and arrival date.

29. The computer-readable medium for pricing the inventory unit of claim 25, wherein the inventory data comprises at least one of commission discounts, risk inventory position, minimum acceptable wholesale price, competitor'"'"'s inventory, seasonality, destination, upgrade allowance, and vendor.

30. The computer-readable medium for pricing the inventory unit of claim 25, wherein the inventory data is received using at least one of regular mail, e-mail, facsimile, internet, a network, and an interactive voice response system.

31. The computer-readable medium for pricing the inventory unit of claim 25, wherein analyzing the inventory data to determine the dynamic market condition for the inventory unit further comprises:

providing at least two weights based upon the inventory data, each of the weights corresponding to a different one of a plurality of weighting categories; and

summing the at least two weights, the sum corresponding to the dynamic market condition.

32. The computer-readable medium of for pricing the inventory unit claim 31, wherein the plurality weighting categories comprise cruise line, cruise ship, cabin grade, cabin inventory, destination, departure port, arrival port, days till departure, and available inventory on other ships similar to the inventory unit.

33. The computer-readable medium for pricing the inventory unit of claim 31, wherein setting the sales price for the inventory unit based upon the dynamic market condition comprises establishing the sales price in proportion to the sum of the weights.

34. The computer-readable medium for pricing the inventory unit of claim 25, further comprising offering the inventory unit for sale at the sales price.

35. The computer-readable medium for pricing the inventory unit of claim 34, wherein the inventory unit is offered for sale using at least one of regular mail, e-mail, facsimile, internet, a network, and an interactive voice response system.

36. The computer-readable medium for pricing the inventory unit of claim 25, further comprising setting a sales commission for the inventory unit based upon the dynamic market condition.