Patents by Inventor Richard Wenman Pennefather Green

Richard Wenman Pennefather Green has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Apparatus and method of allocating flight inventory resources based on the current market value
    Patent number: 6085164
    Abstract: The present invention relates to an inventory control method and architecture that maximizes revenues derived from the sale of a given inventory resource to a customer. More particularly, the present invention uses a continuous nested execution environment that allows a determination of a minimum acceptable price by continuously computing an optimal sale price based on current demand and supply and expected cancellations. The method described accesses a centrally located information repository and retrieves an inventory resource type and value allowing requests below the minimum acceptable price to be rejected, while requests above the minimum acceptable price can be accepted thus allowing the resource provider to maximize incoming revenues from the sale of its inventory of reservations.
    Type: Grant
    Filed: March 4, 1997
    Date of Patent: July 4, 2000
    Assignee: Sabre Inc.
    Inventors: Barry Craig Smith, Vinod Balakrishnan, Richard Wenman Pennefather Green