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The Evolution of Yield Management in the Airline Industry

Author : Ben Vinod

Publisher : Springer Nature

Page : 417 pages

File Size : 28,64 MB

Release : 2021-05-28

Category : Business & Economics

ISBN : 3030704246

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Book Description

This book chronicles airline revenue management from its early origins to the last frontier. Since its inception revenue management has now become an integral part of the airline business process for competitive advantage. The field has progressed from inventory control of the base fare, to managing bundles of base fare and air ancillaries, to the precise inventory control at the individual seat level. The author provides an end-to-end view of pricing and revenue management in the airline industry covering airline pricing, advances in revenue management, availability, and air shopping, offer management and product distribution, agency revenue management, impact of revenue management across airline planning and operations, and emerging technologies is travel. The target audience of this book is practitioners who want to understand the basics and have an end-to-end view of revenue management.



Yield Management

Author : Anthony Ingold

Publisher : Cengage Learning EMEA

Page : 8 pages

File Size : 29,75 MB

Release : 2000

Category : Business & Economics

ISBN : 9780826448255

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Book Description

This ground-breaking textbook covers all aspects of the subject and draws on a wide range of applications in the service industries. Three sections comprise this book: the first presents underpinning knowledge associated with Yield Management; the second examines contemporary models of Yield Management across a number of service sectors; and the third reviews how Yield Management acts as a decision support system for front-line staff and managers, and also highlights the growing importance of new technologies. The book concludes with a range of case studies taken from airlines, hotels, restaurants, cruise lines and leisure industries.



Revenue Management

Author : Robert G. Cross

Publisher : Crown Currency

Page : 289 pages

File Size : 47,96 MB

Release : 2011-04-27

Category : Business & Economics

ISBN : 0307788989

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Book Description

From the man the Wall Street Journal hailed as "the guru of Revenue Management" comes revolutionary ways to recover from the after effects of downsizing and refocus your business on growth. Whatever happened to growth? In Revenue Management, Robert G. Cross answers this question with his ground-breaking approach to revitalizing businesses: focusing on the revenue side of the ledger instead of the cost side. The antithesis of slash-and-burn methods that left companies with empty profits and dissatisfied stockholders, Revenue Management overturns conventional thinking on marketing strategies and offers the key to initiating and sustaining growth. Using case studies from a variety of industries, small businesses, and nonprofit organizations, Cross describes no-tech, low-tech, and high-tech methods that managers can use to increase revenue without increasing products or promotions; predict consumer behavior; tap into new markets; and deliver products and services to customers effectively and efficiently. His proven tactics will help any business dramatically improve its bottom line by meeting the challenge of matching supply with demand.



The Theory and Practice of Revenue Management

Author : Kalyan T. Talluri

Publisher : Springer Science & Business Media

Page : 731 pages

File Size : 15,38 MB

Release : 2006-02-21

Category : Business & Economics

ISBN : 0387273913

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Book Description

Revenue management (RM) has emerged as one of the most important new business practices in recent times. This book is the first comprehensive reference book to be published in the field of RM. It unifies the field, drawing from industry sources as well as relevant research from disparate disciplines, as well as documenting industry practices and implementation details. Successful hardcover version published in April 2004.



The Spread of Yield Management Practices

Author : Fabiola Sfodera

Publisher : Springer Science & Business Media

Page : 159 pages

File Size : 41,16 MB

Release : 2006-01-16

Category : Business & Economics

ISBN : 3790816728

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Book Description

Yield management has always been considered a teclinique for large companies, whether these be airlines, railroad, car rental or hotel companies. Its application to the small and medium sized businesses that characterise the tourism industry in many countries, Italy in the first place, has never been totally excluded, but its implementation and subsequent actuation has always been considered too expensive for this type of business. In recent years all this has been changing. Technology and research have opened up new possibilities for its application at costs, and following methods, that are acceptable even to those who cannot access sophisticated statistics or mathematics instruments. The evolution and the rapid changes in the reference scenarios both of the demand and the offer, have done the rest. It has become clear that to compete in a market as vast as the tourism one, one must apply the principles and techniques of marketing to produce and deliver a service that can satisfy the needs of the client better than the competition. In the same way, however, a deeper knowledge of the processes of the clientele's choice, acquisition and consumption permits the formulation of increasingly accurate forecasts of their behaviour and an understanding of the significance and importance that each client segment attaches to the purchase and consumption of a particular service. In this way the application of the yield management technique has assumed a new and more important position as well as a greater and constant spread.



Revenue Management

Author : I. Yeoman

Publisher : Springer

Page : 290 pages

File Size : 10,10 MB

Release : 2010-12-08

Category : Business & Economics

ISBN : 0230294774

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Book Description

Pricing is about deciding your market position whereas revenue management is the strategic and tactical decisions firms take in order to optimize revenues and profits. This book offers insights into research, theories, applications and innovations and how to makes these work in different industries.



How to Price

Author : Oz Shy

Publisher : Cambridge University Press

Page : 421 pages

File Size : 15,86 MB

Release : 2008-01-14

Category : Business & Economics

ISBN : 1139469223

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Book Description

Over the past four decades, business and academic economists, operations researchers, marketing scientists, and consulting firms have increased their interest and research on pricing and revenue management. This book introduces the reader to a wide variety of research results on pricing techniques in a unified, systematic way and at varying levels of difficulty. The book contains a large number of exercises and solutions and therefore can serve as a main or supplementary course textbook, as well as a reference guidebook for pricing consultants, managers, industrial engineers, and writers of pricing software applications. Despite a moderate technical orientation, the book is accessible to readers with a limited knowledge in these fields as well as to readers who have had more training in economics.



Yield Management

Author : Fouad Sabry

Publisher : One Billion Knowledgeable

Page : 363 pages

File Size : 18,65 MB

Release : 2024-03-29

Category : Business & Economics

ISBN :

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Book Description

What is Yield Management Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource. As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell the right product to the right customer at the right time for the right price. This process can result in price discrimination, in which customers consuming identical goods or services are charged different prices. Yield management is a large revenue generator for several major industries; Robert Crandall, former Chairman and CEO of American Airlines, gave yield management its name and has called it "the single most important technical development in transportation management since we entered deregulation." How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Yield management Chapter 2: Microeconomics Chapter 3: Monopoly Chapter 4: Price discrimination Chapter 5: Profit maximization Chapter 6: Product bundling Chapter 7: Pricing Chapter 8: Marketing management Chapter 9: Dynamic packaging Chapter 10: Pricing strategies Chapter 11: Demand Chapter 12: Global distribution system Chapter 13: Dynamic pricing Chapter 14: Revenue management Chapter 15: Airline reservations system Chapter 16: Price optimization Chapter 17: Profit (economics) Chapter 18: Pricing science Chapter 19: Littlewood's rule Chapter 20: Monopoly price Chapter 21: Airfare (II) Answering the public top questions about yield management. (III) Real world examples for the usage of yield management in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Yield Management.



Global Supply Chain and Operations Management

Author : Dmitry Ivanov

Publisher : Springer Nature

Page : 673 pages

File Size : 35,58 MB

Release : 2021-11-19

Category : Business & Economics

ISBN : 3030723313

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Book Description

The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management.



Revenue Management for Hospitality and Tourism

Author : Alan Fyall

Publisher : Goodfellow Publishers Ltd

Page : 270 pages

File Size : 31,62 MB

Release : 2013-05-31

Category : Business & Economics

ISBN : 1908999500

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Book Description

Written by leading academic and industry experts actively engaged in revenue management, research and teaching this is a new and original treatment of the whole field for students and professionals.