Sports and concert event ticket pricing and visualization system
US8126748B2 · kind B2 · utility
15Cited by
15References
5Claims
0Family size
Assignee
Inventors
Key dates
| Filing date | Apr 10, 2009 |
| Grant date | Feb 28, 2012 |
| Priority date | — |
| Expiry date | Aug 16, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/00
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
A system and method is presented for determining at what price and when to release so-called ‘flex’ price tickets during an on-sale using hazard functional analyses of sales velocity and sales/inquiry ratios. Exponential, power, and Weibull-gamma models are also used to predict demand, depending on what part of the on-sale is involved. Determining demand of seats from secondary markets is also described with methods to use the demand for either repricing the seats in the primary market or presenting ‘best value’ seats to a prospective purchaser. Demand can be interpolated or extrapolated to individual seats or rows.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.