US6993494B1
Expired / Lapsed
US
⏱️ 0.0 years remaining
Resource price management incorporating indirect value
Assignee: Caesars License Co LLC
•
Filing: 2000-09-08
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Granted: 2006-01-31
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Expires: 2020-09-08
Abstract
Abstract A method and system of managing value from a resource such as hotel rooms by taking into account indirect value, such as gaming value, in determining recommended bid prices. Observed and/or estimated indirect value for customers is obtained. Recommended bid prices for instances of the resource, such as hotel rooms, are adjusted based on the obtained indirect value. Prices are further adjusted based on competitive market conditions.
Inventors
- 👤 John M. Boushy
- 👤 Timothy J. Wilmott
Bibliographic Details
Application Number
—
Jurisdiction
US
Data Source
google_patents
Last Synchronized
2026-11-08 11:22
CPC Classifications
G; G07; G07F; G07F17/00; G07F17/32; G06; G06Q; G06Q20/00; G06Q20/38; G06Q20/387; G06Q30/00; G06Q30/02; G06Q30/0201; G06Q30/0202; G06Q30/0204; G06Q30/0206; G06Q30/0207; G06Q30/0241; G06Q30/0247; G06Q30/0251; G06Q30/0269; G06Q30/0277; G06Q30/0283; G07F17/3202; G07F17/3223; G07F17/3225; G07F17/3232; G07F17/3237; G07F17/3239
Claims Analysis
Total Claims: 50
Claim 1
Independent Claim
77 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and responsive to the indirect value exceeding a threshold, offering the resource instance to the customer.
Claim 2
Dependent Claim
77 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and responsive to the indirect value exceeding a threshold, offering the resource instance to the customer.
Claim 3
Dependent Claim
25 words
The method of claim 1 , wherein determining an indirect value comprises determining an indirect value based on a customer segment associated with the customer.
Claim 4
Dependent Claim
100 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; determining, in the computer, a price at which to offer the resource instance to the customer, the price being determined as a function of the indirect value; and offering the resource instance to the customer at the determined price.
Claim 5
Dependent Claim
100 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; determining, in the computer, a price at which to offer the resource instance to the customer, the price being determined as a function of the indirect value; and offering the resource instance to the customer at the determined price.
Claim 6
Dependent Claim
35 words
The method of claim 3 , wherein determining a price at which to offer the resource instance takes into account forecasted demand and projected response to marketing activities related to at least one special event.
Claim 7
Dependent Claim
20 words
The method of claim 3 , wherein the indirect value is based on a customer segment associated with the customer.
Claim 8
Dependent Claim
24 words
The method of claim 3 , wherein determining a price comprises determining a price to maximize total value including direct value and indirect value.
Claim 9
Dependent Claim
29 words
The method of claim 6 , wherein the resource comprises a set of hotel rooms, the direct value comprises a room rate, and the indirect value comprised gaming values.
Claim 10
Dependent Claim
28 words
The method of claim 3 , wherein determining a price at which to offer the resource instance takes into account forecasted demand and projected response to marketing activities.
Claim 11
Dependent Claim
29 words
The method of claim 3 , wherein the resource has a type and wherein determining a price for the resource takes into account forecasted demand for the resource type.
Claim 12
Dependent Claim
147 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer; determining, in the computer, a price at which to offer the resource instance to the customer, the price being determined as a function of the indirect value, wherein the indirect value is based on a customer gaming value; responsive to the determined price exceeding all prices in a predefined set of prices, denying the resource instance to the customer; and responsive to the determined price not exceeding all prices in a predetermined set of prices, offering the resource instance to the customer at a minimum price in the predefined set of prices that exceeds the determine price.
Claim 13
Dependent Claim
147 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer; determining, in the computer, a price at which to offer the resource instance to the customer, the price being determined as a function of the indirect value, wherein the indirect value is based on a customer gaming value; responsive to the determined price exceeding all prices in a predefined set of prices, denying the resource instance to the customer; and responsive to the determined price not exceeding all prices in a predetermined set of prices, offering the resource instance to the customer at a minimum price in the predefined set of prices that exceeds the determine price.
Claim 14
Dependent Claim
74 words
A computer-implemented method of managing value for a property, comprising: receiving, in a computer, a request for a room for a customer; determining, in the computer, an indirect value potentially resulting from providing the room to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and responsive to the indirect value exceeding a threshold, offering the room to the customer.
Claim 15
Dependent Claim
74 words
A computer-implemented method of managing value for a property, comprising: receiving, in a computer, a request for a room for a customer; determining, in the computer, an indirect value potentially resulting from providing the room to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and responsive to the indirect value exceeding a threshold, offering the room to the customer.
Claim 16
Dependent Claim
25 words
The method of claim 11 , wherein determining an indirect value comprises determining an indirect value based on a customer segment associated with the customer.
Claim 17
Dependent Claim
74 words
A computer-implemented method of managing value for a property, comprising: receiving, in a computer, a request for a room for a customer; determining, in the computer, a potential gaming value of the customer; determining, in the computer, a price at which to offer the room to the customer, the price being determined as a function of the estimated gaming value of the customer; and offering the room to the customer at the determined price.
Claim 18
Dependent Claim
74 words
A computer-implemented method of managing value for a property, comprising: receiving, in a computer, a request for a room for a customer; determining, in the computer, a potential gaming value of the customer; determining, in the computer, a price at which to offer the room to the customer, the price being determined as a function of the estimated gaming value of the customer; and offering the room to the customer at the determined price.
Claim 19
Dependent Claim
27 words
The method of claim 13 , wherein determining a price at which to offer the room takes into account forecasted demand and projected response to marketing activities.
Claim 20
Dependent Claim
34 words
The method of claim 13 , wherein determining a price at which to offer the room takes into account forecasted demand and projected response to marketing activities related to at least one special event.
Claim 21
Dependent Claim
21 words
The method of claim 13 , wherein the potential gaming value is based on a customer segment associated with the customer.
Claim 22
Dependent Claim
26 words
The method of claim 13 , wherein determining a price comprises determining a price to maximize total value including aggregate room value and aggregate gaming value.
Claim 23
Dependent Claim
29 words
The method of claim 13 , wherein the room has a type and wherein determining a price for the room takes into account forecasted demand for the room type.
Claim 24
Dependent Claim
23 words
The method of claim 13 , wherein the estimated gaming value of the customer is derived from past gaming behavior of the customer.
Claim 25
Dependent Claim
22 words
The method of claim 13 , wherein the estimated gaming value of the customer is derived from demographic characteristics of the customer.
Claim 26
Dependent Claim
37 words
The method of claim 13 , further comprising: receiving, in the computer, at least one room price for at least one second property; and adjusting, in the computer, the determined price responsive to the received room price.
Claim 27
Dependent Claim
32 words
The method of claim 13 , further comprising: receiving, in the computer, a composite price representing competing room prices; and adjusting, in the computer, the determined price responsive to the composite price.
Claim 28
Dependent Claim
36 words
The method of claim 13 , further comprising: receiving, in the computer, a composite price representing a weighted average of competing room prices; and adjusting, in the computer, the determined price responsive to the composite price.
Claim 29
Dependent Claim
120 words
A computer-implemented method of managing value for a property, comprising: receiving, in a computer, a request for a room for a customer; determining, in the computer, an estimated gaming value of the customer; determining, in the computer, a price at which to offer the room to the customer, the price being determined as a function of the estimated gaming value of the customer; responsive to the determined price exceeding all prices in a predefined set of prices, denying the room to the customer; and responsive to the determined price not exceeding all prices in a predetermined set of prices, offering the room to the customer at a minimum price in the predefined set of prices that exceeds the determined price.
Claim 30
Dependent Claim
120 words
A computer-implemented method of managing value for a property, comprising: receiving, in a computer, a request for a room for a customer; determining, in the computer, an estimated gaming value of the customer; determining, in the computer, a price at which to offer the room to the customer, the price being determined as a function of the estimated gaming value of the customer; responsive to the determined price exceeding all prices in a predefined set of prices, denying the room to the customer; and responsive to the determined price not exceeding all prices in a predetermined set of prices, offering the room to the customer at a minimum price in the predefined set of prices that exceeds the determined price.
Claim 31
Dependent Claim
50 words
The method of claim 24 , wherein determining the estimated gaming value of the customer comprises: classifying, in the computer, the customer into one of a plurality of customer segments; and determining, in the computer, the expected gaming value associated with the customer segment into which the customer is classified.
Claim 32
Dependent Claim
24 words
The method of claim 25 , wherein classifying the customer comprises determining an applicable customer segment responsive to past gaming behavior of the customer.
Claim 33
Dependent Claim
23 words
The method of claim 25 , wherein classifying the customer comprises determining an applicable customer segment responsive to demographic characteristics of the customer.
Claim 34
Dependent Claim
97 words
A computer-implemented method of managing resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, at least two sources of value potentially resulting from providing the resource instance to the customer, at least one of the sources of value being based on at least one characteristic of the customer, wherein at least one of the sources of value is based on a customer gaming value; and responsive to the sum of the two sources of value exceeding a threshold, offering the resource instance to the customer.
Claim 35
Dependent Claim
97 words
A computer-implemented method of managing resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, at least two sources of value potentially resulting from providing the resource instance to the customer, at least one of the sources of value being based on at least one characteristic of the customer, wherein at least one of the sources of value is based on a customer gaming value; and responsive to the sum of the two sources of value exceeding a threshold, offering the resource instance to the customer.
Claim 36
Dependent Claim
25 words
The method of claim 28 , wherein at least one of the sources of value is based on a customer segment associated with the customer.
Claim 37
Dependent Claim
120 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, at least two sources of value potentially resulting from providing the resource instance to the customer, at least one of the sources of value being based on at least one characteristic of the customer; determining, in the computer, a price at which to offer the resource instance to the customer, the price being determined as a function of the at least two sources of value, wherein at least one of the sources of value is based on a customer gaming value; and offering the resource instance to the customer at the determined price.
Claim 38
Dependent Claim
120 words
A computer-implemented method of managing a resource, comprising: receiving, in a computer, a request for an instance of the resource for a customer; determining, in the computer, at least two sources of value potentially resulting from providing the resource instance to the customer, at least one of the sources of value being based on at least one characteristic of the customer; determining, in the computer, a price at which to offer the resource instance to the customer, the price being determined as a function of the at least two sources of value, wherein at least one of the sources of value is based on a customer gaming value; and offering the resource instance to the customer at the determined price.
Claim 39
Dependent Claim
114 words
A computer-implemented method of managing a resource comprising: receiving a request for an instance of the resource for a customer; determining at least two sources of value potentially resulting from providing the resource instance to the customer, at least one of the sources of value being based on at least one characteristic of the customer, wherein at least one of the sources of value is based on a customer gaming value; and responsive to the sum of the two sources of value exceeding a threshold; determining a price for the resource instance as a function of the sum of the at least two sources of value; and offering the resource instance to the customer.
Claim 40
Dependent Claim
114 words
A computer-implemented method of managing a resource comprising: receiving a request for an instance of the resource for a customer; determining at least two sources of value potentially resulting from providing the resource instance to the customer, at least one of the sources of value being based on at least one characteristic of the customer, wherein at least one of the sources of value is based on a customer gaming value; and responsive to the sum of the two sources of value exceeding a threshold; determining a price for the resource instance as a function of the sum of the at least two sources of value; and offering the resource instance to the customer.
Claim 41
Dependent Claim
22 words
The method of claim 31 , wherein the at least two sources of value comprise a direct value and an indirect value.
Claim 42
Dependent Claim
29 words
The method of claim 32 , wherein the resource comprises a set of hotel rooms, the direct value comprises a room rate, and the indirect value comprises gaming value.
Claim 43
Independent Claim
92 words
A system for managing a resource, comprising: an input device, for receiving a request for an instance of the resource for a customer; an optimizer module, coupled to the input device, for determining an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and an output device, coupled to the optimizer module, for, responsive to the indirect value exceeding a threshold, offering the resource instance to the customer.
Claim 44
Independent Claim
92 words
A system for managing a resource, comprising: an input device, for receiving a request for an instance of the resource for a customer; an optimizer module, coupled to the input device, for determining an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and an output device, coupled to the optimizer module, for, responsive to the indirect value exceeding a threshold, offering the resource instance to the customer.
Claim 45
Independent Claim
110 words
A system for managing a resource, comprising: an input device, for receiving request for an instance of the resource for a customer; an optimizer module, coupled to the input device, for determining an indirect value potential resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; a pricing module, coupled to the optimizer module, for determining a price for the resource instance as a function of the indirect value; and an output device, coupled to the pricing module, for, offering the resource instance to the customer at the determined price.
Claim 46
Independent Claim
110 words
A system for managing a resource, comprising: an input device, for receiving request for an instance of the resource for a customer; an optimizer module, coupled to the input device, for determining an indirect value potential resulting from providing the resource instance to the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; a pricing module, coupled to the optimizer module, for determining a price for the resource instance as a function of the indirect value; and an output device, coupled to the pricing module, for, offering the resource instance to the customer at the determined price.
Claim 47
Dependent Claim
108 words
A computer program product comprising a computer-usable medium having computer-readable code embodied therein for managing a resource, comprising: computer-readable program code configured to cause a computer to receive a request or an instance of the resource for a customer; computer-readable program code configured to cause a computer to determine an indirect value potentially resulting from providing the resource instance o the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and computer-readable program code configured to cause a computer to, responsive to the indirect value exceeding a threshold, offer the resource instance to the customer.
Claim 48
Dependent Claim
108 words
A computer program product comprising a computer-usable medium having computer-readable code embodied therein for managing a resource, comprising: computer-readable program code configured to cause a computer to receive a request or an instance of the resource for a customer; computer-readable program code configured to cause a computer to determine an indirect value potentially resulting from providing the resource instance o the customer and based on at least one characteristic of the customer, wherein the indirect value is based on a customer gaming value; and computer-readable program code configured to cause a computer to, responsive to the indirect value exceeding a threshold, offer the resource instance to the customer.
Claim 49
Dependent Claim
128 words
A computer program product comprising a computer-usable medium having computer-readable code embodied therein for managing a resource, comprising: computer-readable program code configured to cause a computer to receive a request for an instance of the resource for a customer; computer-readable program code configured to cause a computer to determine an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer; and computer-readable program code configured to cause a computer to determine a price for the resource instance as a function of the indirect value, wherein the indirect value is based on a customer gaming value; and computer-readable program code configured to cause a computer to offer the resource instance to the customer at the determined price.
Claim 50
Dependent Claim
128 words
A computer program product comprising a computer-usable medium having computer-readable code embodied therein for managing a resource, comprising: computer-readable program code configured to cause a computer to receive a request for an instance of the resource for a customer; computer-readable program code configured to cause a computer to determine an indirect value potentially resulting from providing the resource instance to the customer and based on at least one characteristic of the customer; and computer-readable program code configured to cause a computer to determine a price for the resource instance as a function of the indirect value, wherein the indirect value is based on a customer gaming value; and computer-readable program code configured to cause a computer to offer the resource instance to the customer at the determined price.
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USPTO Annuity & Maintenance Windows
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|---|---|---|---|---|---|
| 3.5 Years (Year 4) | 2009-01-30 | 2009-08-01 | 2010-01-31 | $2000.00 | Window Closed / Lapsed |
| 7.5 Years (Year 8) | 2013-01-30 | 2013-08-01 | 2014-01-31 | $3760.00 | Window Closed / Lapsed |
| 11.5 Years (Year 12) | 2017-01-30 | 2017-08-01 | 2018-01-31 | $7700.00 | Window Closed / Lapsed |