Dynamic pricing of a resource

Monther Abdullah Al-Dawsari; Hani Talal Jamjoom; Mark Edward Podlaseck; Huiming Qu; Yaoping Ruan; Denis Roland Saure; Zon-yin Shae; Anshul Sheopuri

Dynamic pricing of a resource

Monther Abdullah Al-Dawsari (Inventor), Hani Talal Jamjoom (Inventor), Mark Edward Podlaseck (Inventor), Huiming Qu (Inventor), Yaoping Ruan (Inventor), Denis Roland Saure (Inventor), Zon-yin Shae (Inventor), Anshul Sheopuri (Inventor)

Research output: Patent

Abstract

A method of dynamic pricing of a resource is presented. For example, the method includes determining a set of anticipated demands for one or more users to acquire the resource according to uncertainty of the one or more users in preferring one or more certain time periods of a plurality of time periods for acquiring the resource. Prices for the resource differ between at least two of the plurality of time periods. Each anticipated demand of the set is associated with a different one of the plurality of time periods. The method further includes setting prices for the resource during each of the plurality of time periods according to the determined set of anticipated demands. The determining of the set of anticipated demands and/or the setting of prices are implemented as instruction code executed on a processor device.

Original language	English (US)
Patent number	US 8458011 B2
State	Published - Jun 4 2013
Externally published	Yes

Bibliographical note

KAUST Repository Item: Exported on 2019-02-13

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https://repository.kaust.edu.sa/bitstream/10754/594742/1/8458011.pdf

Cite this

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title = "Dynamic pricing of a resource",

abstract = "A method of dynamic pricing of a resource is presented. For example, the method includes determining a set of anticipated demands for one or more users to acquire the resource according to uncertainty of the one or more users in preferring one or more certain time periods of a plurality of time periods for acquiring the resource. Prices for the resource differ between at least two of the plurality of time periods. Each anticipated demand of the set is associated with a different one of the plurality of time periods. The method further includes setting prices for the resource during each of the plurality of time periods according to the determined set of anticipated demands. The determining of the set of anticipated demands and/or the setting of prices are implemented as instruction code executed on a processor device.",

author = "Al-Dawsari, {Monther Abdullah} and Jamjoom, {Hani Talal} and Podlaseck, {Mark Edward} and Huiming Qu and Yaoping Ruan and Saure, {Denis Roland} and Zon-yin Shae and Anshul Sheopuri",

note = "KAUST Repository Item: Exported on 2019-02-13; US 8458011 B2",

year = "2013",

month = jun,

day = "4",

language = "English (US)",

type = "Patent",

}

TY - PAT

T1 - Dynamic pricing of a resource

AU - Al-Dawsari, Monther Abdullah

AU - Jamjoom, Hani Talal

AU - Podlaseck, Mark Edward

AU - Qu, Huiming

AU - Ruan, Yaoping

AU - Saure, Denis Roland

AU - Shae, Zon-yin

AU - Sheopuri, Anshul

N1 - KAUST Repository Item: Exported on 2019-02-13

PY - 2013/6/4

Y1 - 2013/6/4

N2 - A method of dynamic pricing of a resource is presented. For example, the method includes determining a set of anticipated demands for one or more users to acquire the resource according to uncertainty of the one or more users in preferring one or more certain time periods of a plurality of time periods for acquiring the resource. Prices for the resource differ between at least two of the plurality of time periods. Each anticipated demand of the set is associated with a different one of the plurality of time periods. The method further includes setting prices for the resource during each of the plurality of time periods according to the determined set of anticipated demands. The determining of the set of anticipated demands and/or the setting of prices are implemented as instruction code executed on a processor device.

AB - A method of dynamic pricing of a resource is presented. For example, the method includes determining a set of anticipated demands for one or more users to acquire the resource according to uncertainty of the one or more users in preferring one or more certain time periods of a plurality of time periods for acquiring the resource. Prices for the resource differ between at least two of the plurality of time periods. Each anticipated demand of the set is associated with a different one of the plurality of time periods. The method further includes setting prices for the resource during each of the plurality of time periods according to the determined set of anticipated demands. The determining of the set of anticipated demands and/or the setting of prices are implemented as instruction code executed on a processor device.

UR - http://hdl.handle.net/10754/594742

UR - http://patft.uspto.gov/netacgi/nph-Parser?patentnumber=8458011

UR - http://assignment.uspto.gov/#/search?adv=patNum:8458011

UR - http://www.google.com/patents/US8458011

UR - http://worldwide.espacenet.com/publicationDetails/biblio?CC=US&NR=8458011B2&KC=B2&FT=D

M3 - Patent

M1 - US 8458011 B2

ER -

Dynamic pricing of a resource

Abstract

Bibliographical note

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