Just Eat Takeawaycom has been granted a patent for a computer-implemented method that predicts travel times for delivery trips based on training data. The method uses quantile regression to determine prediction intervals and adjust them based on actual performance, ensuring accurate estimates for future trips. GlobalData’s report on Just Eat Takeawaycom gives a 360-degree view of the company including its patenting strategy. Buy the report here.
According to GlobalData’s company profile on Just Eat Takeawaycom, was a key innovation area identified from patents. Just Eat Takeawaycom's grant share as of February 2024 was 56%. Grant share is based on the ratio of number of grants to total number of patents.
Predicting travel time for delivery trips based on quantile regression
The granted patent (Publication Number: US11853909B1) discloses a computer-implemented method for predicting travel times for future trips based on training data of past trips. The method involves creating a digital model using quantile regression to predict travel times, receiving specific trip data, calculating travel time estimates, and displaying prediction intervals. In case of a courier's failure to meet the predicted travel time, a broader prediction interval is provided for subsequent trips on the same route. The method aims to improve delivery efficiency by accurately predicting travel times and adjusting prediction intervals based on real-time data.
Furthermore, the patent includes additional features such as assigning trips to couriers based on travel time estimates, rejecting courier requests if travel time exceeds a threshold, and calculating prediction intervals for specific trips based on quantile regression. The method also accounts for various attributes such as trip routes, transportation types, geographical regions, and meal-based time zones. By utilizing quantile regression and specific data inputs, the digital model can provide accurate travel time predictions and adjust prediction intervals dynamically. Overall, the method outlined in the patent aims to enhance delivery logistics by optimizing travel time estimates and improving courier route planning based on real-time data and predictive analytics.
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