Method and apparatus for renting items

• US 20050197855A1
• Filed: 02/24/2005
• Published: 09/08/2005
• Est. Priority Date: 02/26/2004
• Status: Abandoned Application

• Current Assignee: Geoffrey H. Nudd
• Original Assignee: Geoffrey H. Nudd
• Inventors: Nudd, Geoffrey H.
• Application Number:
  US11/066,588
• Publication Number:
  US 20050197855A1
• Time in Patent Office: Days
• US Class Current: 705/26.1
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/0601 Electronic shopping [e-shopping]
• CPC Class Codes: G06Q 30/0645 Rental transactions; Leasing transactions

Abstract

According to a computer-implemented approach for renting items to customers, customers specify what items to rent using item selection criteria separate from deciding when to receive the specified items. According to the approach, customers provide item selection criteria to a provider. The provider provides the items indicated by the item selection criteria to customer over a delivery channel. The provider may be either centralized or distributed depending upon the requirements of a particular application. Each item is assigned a specific value, such as a number of points. A “SIMULTANEOUS-VALUE” method allows users to rent items up to a limit such that the total value assigned to the items currently provided does not exceed some limit, possibly also with a maximum number of exchanges. A “TIME LIMIT-VALUE” method accrues a value each time an item is provided, and allows exchanges to occur up to the value limit during a specified period of time, possibly also with a maximum number of exchanges. “SIMULTANEOUS-VALUE” and “TIME LIMIT-VALUE” methods may be used together or separately with a variety of subscription methodologies. The points assigned to each item may vary with certain business conditions. For instance, an item that is low in inventory may be assigned a higher value.

Claims

1. A method for renting items to customers, the method comprising the computer-enabled steps of:

receiving one or more item selection criteria that indicates one or more items that a customer desires to rent;

providing to the customer one or more items indicated by the one or more item selection criteria up to a limit indicated by a specified limiting criteria, where the limiting criteria is not defined as the number of items provided;

in response to receiving any of the items provided to the customer, providing to the customer one or more other items indicated by the one or more item selection criteria, up to a limit specified by a limiting criteria where the limiting criteria is not defined as a maximum number of items currently provided, nor is the limiting criteria defined as a maximum number of exchanges within a period of time, nor is the limiting criteria defined as a maximum number of items currently provided in conjunction with a maximum number of exchanges within a period of time.

2. A method as recited in claim 1, further comprising if the customer does not reach the limit defined by limiting criteria, where the limiting criteria is not defined as a maximum number of items currently provided, nor is the limiting criteria defined as a maximum number of exchanges within a period of time, nor is the limiting criteria defined as a maximum number of items currently provided in conjunction with a maximum number of exchanges within a period of time, then increasing the limit specified by the limiting criteria.

3. A method as recited in claim 1, wherein

each customer is allocated a specified number of points, and

where each rentable item is assigned a specified number of points, and

where the limiting criteria are defined such that the total of points assigned to items currently provided to the customer does not exceed the number of points allocated to the customer.

4. A method as recited in claim 3, wherein the specified number of points assigned for each item may vary automatically based on specified business criteria.

5. A method as recited in claim 3, wherein the specified number of points assigned for each item is based, wholly or in part, on a metric of availability for each item.

6. A method as recited in claim 3, wherein the specified number of points assigned for each item is based, wholly or in part, on a metric of expected demand and/or supply for each item.

7. A method as recited in claim 3, wherein the specified number of points assigned for each item is based, wholly or in part, on a metric of current demand and/or supply for each item.

8. A method as recited in claim 3, wherein the specified number of points assigned for each item is based, wholly or in part, on a metric of expected delivery cost for each item.

9. A method as recited in claim 3, wherein the specified number of points assigned for each item is based, wholly or in part, on a metric of newness in the marketplace for each item.

10. A method as recited in claim 4, wherein the specified number of points assigned for each item is, wholly or in part, customer specific.

11. A method as recited in claim 1, wherein

each customer is allocated a specified value, and

where each rentable item is assigned a specified value, and

where the limiting criteria are defined such that the total of value assigned to items currently provided to the customer does not exceed the value allocated to the customer.

12. A method as recited in claim 11, wherein the specified value assigned for each item may vary automatically based on specified business criteria.

13. A method as recited in claim 1, wherein

the one or more item selection criteria indicates a desired order for the one or more items that a customer desires to rent;

the step of providing to the customer one or more items indicated by the one or more item selection criteria up to a limit indicated by a specified limiting criteria, where the limiting criteria is not defined as the number of items provided;

includes providing to the customer one or more items up to a limit indicated by a specified limiting criteria, where the limiting criteria is not defined as the number of items provided, in the desired order indicated by the item selection criteria, and

the step of in response to receiving any of the items provided to the customer, providing to the customer one or more other items indicated by the one or more item selection criteria, up to a limit specified by a limiting criteria where the limiting criteria is not defined as a maximum number of items currently provided, nor is the limiting criteria defined as a maximum number of exchanges within a period of time, nor is the limiting criteria defined as a maximum number of items currently provided in conjunction with a maximum number of exchanges within a period of time, includes in response to receiving any of the items provided to the customer, providing to the customer one or more other items indicated by the one or more item selection criteria, up to a limit specified by a limiting criteria where the limiting criteria is not defined as a maximum number of items currently provided, nor is the limiting criteria defined as a maximum number of exchanges within a period of time, nor is the limiting criteria defined as a maximum number of items currently provided in conjunction with a maximum number of exchanges within a period of time, in the desired order indicated by the item selection criteria.

14. A method as recited in claim 13, further comprising if a particular item from the one or more items indicated by the one or more item selection criteria is not available, then providing another item from the one or more items based upon the desired order indicated by the one or more item selection criteria.

15. A method as recited in claim 1, wherein

the one or more item selection criteria specifies one or more preferred item attributes,

the step of providing to the customer one or more items indicated by the one or more item selection criteria up to a limit indicated by a specified limiting criteria, where the limiting criteria is not defined as the number of items provided, includes automatically selecting and providing to the customer up to the limit indicated by a specified limiting criteria one or more items that have one or more item selection criteria, and

the step of in response to receiving any of the items provided to the customer, providing to the customer one or more other items indicated by the one or more item selection criteria, up to a limit specified by a limiting criteria where the limiting criteria is not defined as a maximum number of items currently provided, nor is the limiting criteria defined as a maximum number of exchanges within a period of time, nor is the limiting criteria defined as a maximum number of items currently provided in conjunction with a maximum number of exchanges within a period of time, includes automatically selecting and providing to the customer up to the limit indicated by a specified limiting criteria one or more items that have one or more item selection criteria.

16. A method as recited in claim 1, further comprising:

establishing, based upon the one or more item selection criteria, an item rental queue for the customer, wherein the item rental queue contains one or more entries that specify the one or more items that the customer desires to rent; and

in response to receiving back any of the items provided to the customer, selecting the one or more other items from the item rental queue.

17. A method as recited in claim 1, wherein items are provided to the customer at a retail store.

18. A method as recited in claim 1, wherein items are received at a retail store.

19. A method as recited in claim 1, wherein items are provided to the customer electronically.

20. A method for renting items to customers, the method comprising the computer-enabled steps of:

receiving one or more item selection criteria that indicates one or more items that a customer desires to rent;

assigning a point value to each rentable item;

providing to the customer one or more items indicated by the one or more item selection criteria up to a limit of items such that the total of the points assigned to items currently provided is less than a specified limit;

in response to receiving any of the items provided to the customer, providing to the customer one or more other items indicated by the one or more item selection criteria, up to a limit of items such that the total of the points assigned to items currently provided is less than a specified limit.

21. A method as recited in claim 20, wherein the total points assigned to items provided to the customer within a specified period of time does not exceed a specified limit.

22. A method for renting items to customers, the method comprising the computer-enabled steps of:

receiving one or more item selection criteria that indicates one or more items that a customer desires to rent;

assigning a point value to each rentable item;

providing to the customer one or more items indicated by the one or more item selection criteria up to a limit of items such that the total of the points assigned to items provided is less than a specified limit;

in response to receiving any of the items provided to the customer, providing to the customer one or more other items indicated by the one or more item selection criteria, up to a limit of items such that the total of the points assigned to items provided within a specified period of time is less than a specified limit.

23. A method as recited in claim 22, wherein the total points assigned to items currently provided to the customer does not exceed a specified limit.