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Method and system for management of a wait list for reserved purchases

  • US 6,895,381 B1
  • Filed: 08/01/2000
  • Issued: 05/17/2005
  • Est. Priority Date: 08/01/2000
  • Status: Expired due to Term
First Claim
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1. In a computer environment, a method for materialization forecasting with respect to wait-listed reservations made by persons for the potential purchase of perishable commodities, comprising the steps of:

  • gathering past reservation information relating to past reservations for perishable commodities that have already perished;

    gathering wait list reservation information relating to wait-listed reservations for perishable commodities that have not yet perished;

    comparing, using a processor in said computer environment, said past reservation information and said wait list reservation information;

    calculating, using said processor, based on said comparison, the likelihood that said wait-listed reservations will materialize if promoted to reserved status;

    determining the revenue value of each of said wait-listed reservations;

    ordering said wait-listed reservations based on a combination of their likelihood of materialization and their revenue value; and

    outputting said ordered wait-listed reservations.

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