Patent ID: 6263315
Filing Date: 2001-07-17
Classification: G06Q

Abstract:
A computer implemented method for managing allocation of a resource to be utilized for an event at a scheduled future time, said method comprising the steps of:a) receiving a request for at least a first resource to be utilized during said event in a revenue management system computer;b) accessing a multidimensional lookup table with said computer, said table including 1) an axis for each dimension defining a corresponding one of a plurality of variables that affects an acceptable threshold value for said resource, said variables at least including an available capacity for said resource and a plurality of future time-points between the current time and said scheduled future time and 2) a plurality of threshold value entries for said resource, one for each of a plurality of combinations of values for said variables;c) determining a present value for each of said variables, including a time of the request for said resource;d) retrieving a threshold value entry from said lookup table corresponding to a combination of said variables corresponding to the present value for each of said variables, including the time of the request for the resource;e) comparing the selected threshold value entry to an expected net revenue value for said resource; andf) if the expected net revenue value is greater than or equal to the selected threshold value entry, generating an indication that the request for the resource will be accepted.