Invention Grant
- Patent Title: Inventory and revenue maximization method and system
- Patent Title (中): 库存和收益最大化方法和系统
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Application No.: US13096160Application Date: 2011-04-28
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Publication No.: US08799095B2Publication Date: 2014-08-05
- Inventor: Allan Ginsburg , David R. Murray , Arthur Weinberger , Jerome Williams
- Applicant: Allan Ginsburg , David R. Murray , Arthur Weinberger , Jerome Williams
- Applicant Address: US TX San Antonio
- Assignee: Clear Channel Management Services, Inc.
- Current Assignee: Clear Channel Management Services, Inc.
- Current Assignee Address: US TX San Antonio
- Agency: Garlick & Markison
- Agent Edward J. Marshall
- Main IPC: G06Q30/00
- IPC: G06Q30/00

Abstract:
A method is provided for enterprise management and bundling of inventory to maximize revenue on perishable products. An electronic data-mart collects factors for the probability and price sensitivity of a buyer. The data-mart also collects rules for inventory scaling, available inventory to sell, budget (goal) information, advertiser payment history, and station performance data to feed to a scenario planner. Once three or more variables exist, algorithms create scenario plans to present the most profitable bundle of offerings. The scenarios are typically pre-approved although presented to local business units for an abnormality failsafe. Once processed by local business units, the scenarios are presented to the buyer. Negotiations typically cause the process to restart. The main systems that interact to build scenarios are: an enterprise data-mart, a scenario planner, a performance measurement system, a rate or yield management subsystem, a traffic and accounts receivable system, and a local inventory booking system.
Public/Granted literature
- US20110202389A1 Inventory and Revenue Maximization Method and System Public/Granted day:2011-08-18
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