Optimal service fee discount management

In an economic relationship between a first party and a plurality of second parties in connection with provision of at least one of goods and services for a fee, costs incurred by the first party, in connection with a loss of at least some of the second parties to the relationship, are estimated. A...

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Bibliographische Detailangaben
Hauptverfasser:	SURENDRA MAHESWARAN, SWATEK BRENDA, TARSIA MARIA, GHERSON DIANE J, GRANT-PICKENS CARLA, SHEOPURI ANSHUL, STACHURA THOMAS A, PATTERSON RICHARD, LAMOREAUX NICKLE J
Format:	Patent
Sprache:	eng
Schlagworte:	CALCULATING COMPUTING COUNTING DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES PHYSICS SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:	In an economic relationship between a first party and a plurality of second parties in connection with provision of at least one of goods and services for a fee, costs incurred by the first party, in connection with a loss of at least some of the second parties to the relationship, are estimated. A response curve of second party loss probability versus fee is also estimated. An optimal value of a modification to the fee is determined, such that profits of the first party are maximized, taking into account the costs incurred by the first party in connection with the loss of the at least some of the second parties and the response curve of the second party loss probability versus the fee. At least one action to take in response to the determining of the optimal value is determined.