Method and system for maximizing share-ride bookings
US11062237B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Jun 5, 2018 |
| Grant date | Jul 13, 2021 |
| Priority date | — |
| Expiry date | Jun 14, 2039 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04W4/40
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A method and a system for maximizing share-ride bookings in a geographical area in a ride-sharing system are provided. Historical share-ride demands for the geographical area are estimated. A time period is segmented into time intervals such that each time interval has an equal count of the estimated historical share-ride demands. A conversion rate and a gross merchandise value (GMV) per unit of distance are determined for a first time interval at a check point of a second time interval. Error signals are generated at the check point based on deviations in the conversion rate and the GMV per unit of distance with respect to a defined conversion rate and a defined GMV per unit of distance, respectively. A share-ride fare in the second time interval is controlled based on the error signals to maximize the share-ride bookings during the second time interval.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.