Patent ID: 8321286

Claim:
A computerized system for calculating a potential past optimum yield for a configurable space, comprising: a processor; a memory, the memory connected to the processor, wherein the processor is configured for: performing processing associated with obtaining a set of past demands including both past transient demands and past group demands for the configurable space for a designated time period, the configurable space comprising transient individual space, group individual space, and group function space; the set of past demands comprising information on arrival date, length of stay, rate category and room type requests for the transient individual space and group individual space; and performing processing, associated with calculating, by a processor, a potential past optimum yield that includes both a transient yield from the transient individual space, and a group yield from the group individual space and the group function space, wherein the performing processing associated with calculating comprises: performing processing associated with determining constraints related to the configurable space; performing processing associated with determining bounds related to the configurable space; performing processing associated with identifying which past demands for the configurable space should have been accepted in order to optimize the potential past optimum yield, subject to the constraints and the bounds; and performing processing associated with determining the potential past optimum yield utilizing the set of past demands; performing processing associated with determining a upper bound transient constraint, the upper bound transient constraint ensuring that more transient individual space than available is not assigned, wherein the upper bound transient constraint is x.AD(i),LS(i).RC(i).RT(i)≦N(i), and wherein i is a transient demand, xAD(i).LS(i).RC(i).RT(i) is an integer value representing a number of demands i that are accepted, AD is an arrival date, LS is a length of stay, RC is a rate category, RT is a room type, and N(i) is a number of sleeping rooms associated with demand i; wherein the yield that could have been realized for a given demand amount had optimal decisions on whether to accept or deny a demand been made is compared to yield actually realized.