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System and method for optimizing revenue and/or bookings from collected demand data in a buyer driven commerce system

  • US 7,333,941 B1
  • Filed: 08/31/2001
  • Issued: 02/19/2008
  • Est. Priority Date: 09/08/2000
  • Status: Active Grant
First Claim
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1. A method for determining an optimized acceptance rate for purchase offers submitted to a buyer-driven commerce system, comprising:

  • receiving a plurality of available bookings from a seller, each available booking including an acceptance parameter and at least one of a date of availability, a room type, and a geographic location;

    receiving a plurality of purchase offers for the plurality of bookings;

    storing a plurality of rejected purchase offers from the plurality of purchase offers; and

    determining a number of unaccepted purchase offers which would be accepted based on a change of the acceptance parameter.

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