首页|Demand Equilibrium Based Pricing' in Patent Application Approval Process (USPTO 20230419375)
Demand Equilibrium Based Pricing' in Patent Application Approval Process (USPTO 20230419375)
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The following quote was obtained by the news editors from the background information supplied bythe inventors: “Merchants, particularly in food and beverage or entertainment, have peak and off-peakhours where business and foot traffic varies greatly. During peak demand, merchants can control certainvariables such as head count and having enough supplies. However, when demand surpasses output capacity,merchants cannot expand square footage or immediately add additional equipment or resources to matchthe demand. When capacity is exceeded, the merchant and potential customers experience lost businessand long lines during peak hours. During off-peak demand, merchants can control certain variables suchas hours of operation and head count. However, square footage and equipment are underutilized leadingto lost opportunity cost due to a lack of transactions or business being processed.”
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