Dynamic pricing of a resource

Monther Abdullah Al-Dawsari (Inventor), Hani Talal Jamjoom (Inventor), Mark Edward Podlaseck (Inventor), Huiming Qu (Inventor), Yaoping Ruan (Inventor), Denis Roland Saure (Inventor), Zon-yin Shae (Inventor), Anshul Sheopuri (Inventor)

Research output: Patent

Abstract

A method of dynamic pricing of a resource is presented. For example, the method includes determining a set of anticipated demands for one or more users to acquire the resource according to uncertainty of the one or more users in preferring one or more certain time periods of a plurality of time periods for acquiring the resource. Prices for the resource differ between at least two of the plurality of time periods. Each anticipated demand of the set is associated with a different one of the plurality of time periods. The method further includes setting prices for the resource during each of the plurality of time periods according to the determined set of anticipated demands. The determining of the set of anticipated demands and/or the setting of prices are implemented as instruction code executed on a processor device.
Original languageEnglish (US)
Patent numberUS 8458011 B2
StatePublished - Jun 4 2013
Externally publishedYes

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