What is yield management? How might yield management be used to manage demand in the airline industry?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Yield management means managing demand by offering discounts dur...View the full answer
Answered By
Collins Omondi
I have been an academic and content writer for at least 6 years, working on different academic fields including accounting, political science, technology, law, and nursing in addition to those earlier listed under my education background.
I have a Bachelor’s degree in Commerce (Accounting option), and vast knowledge in various academic fields Finance, Economics, Marketing, Management, Social Science, Women and Gender, Business law, and Statistics among others.
4.80+
4+ Reviews
16+ Question Solved
Related Book For
Managing Supply Chain and Operations An Integrative Approach
ISBN: 978-0132832403
1st edition
Authors: Thomas Foster, Scott E. Sampson, Cynthia Wallin, Scott W Webb
Question Posted:
Students also viewed these Management Leadership questions
-
The travel industry uses DSSs for yield management. What is yield management, and what is the output of a yield management DSS? How does it affect revenue and operations?
-
What is yield management? Give an example of a firm using yield management to increase profits.
-
What is yield management and what ethical issues does an organization have to deal with in using this scheduling strategy?
-
Julie Hernandez is single and has no dependents. She operates a dairy farm and her Social Security number is 000-00-1111. She lives at 1325 Vermont Street in Costa, Florida. Consider the following...
-
US exports of goods and services grew from $616,455,000,000 in 1992 to $1,831,835,000,000 in 2010. Use the geometric mean to compute the average annual growth rate.
-
Calculate the formula mass of the following molecules to three significant figures. P CI (a) (b)
-
What is the standard temperature lapse rate?
-
The partners who own Ameen Canoes Co. wished to avoid the unlimited personal liability of the partnership form of business, so they incorporated as Ameen Canoes, Inc. The charter from the state of...
-
A construction crew needs a crane to lift a weight of 4,966.04 newtons up to the top floor of a building that is 17.58 meters above the ground. The supervisor needs a crane that can do this in 51.84...
-
15. A reheat-regenerative engine receives steam at 207 bar and 593C, expanding it to 38.6 bar, 343C. At this point, the steam passes through a reheater and reenters the turbine at 34.5 bar, 593C,...
-
What are chase SOP and level SOP plans? What are the advantages and disadvantages of such each approach to SOP?
-
A company has predicted the following demands for the next six months: A single worker working for one month can produce 125 units. The beginning workforce is 50 workers. It costs the company $1500...
-
Describe how stocks are bought and sold in the secondary market?
-
Write a program that uses Math.sin() and Math.cos() to check that the value of cos2 + sin2 is approximately 1 for any entered as a command-line argument. Just print the value. Why are the values not...
-
Explain the advantages of outsourcing and the conditions under which it might be advantageous to outsource an activity to an external supplier.
-
Write a program that takes two integer command-line arguments x and y and prints the Euclidean distance from the point (x, y) to the origin (0, 0).
-
Write a program that takes three positive integers as command-line arguments and prints false if any one of them is greater than or equal to the sum of the other two and true otherwise. (Note : This...
-
Find a company that is rapidly stealing market share from incumbents. How is the business model of the growing company different? What innovative strategy is it employing?
-
Factor completely. x 5 - x 3 - 8x 2 + 8
-
A new car sold for $31,000. If the vehicle loses 15% of its value each year, how much will it be worth after 10 years?
-
The Ambrosia Bakery makes cakes for freezing and subsequent sale. The bakery, which operates five days a week, 52 weeks a year, can produce cakes at the rate of 116 cakes per day. The bakery sets up...
-
The EastCoasters Bicycle Shop operates 364 days a year, closing only on Christmas Day. The shop pays $300 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle...
-
The EastCoasters Bicycle Shop operates 364 days a year, closing only on Christmas Day. The shop pays $300 for a particular bicycle purchased from the manufacturer. The annual holding cost per bicycle...
-
Differentiate between a scalar value and a vector value.
-
Now that the supplier of the nori has been chosen and the transportation method selected, you turn your attention to the downstream side of the supply chain -- the marketing (distribution) channels....
-
Mandy Murphy, owner of Murphy and Co. (Saint John, New Brunswick), gave the following list of assets and liabilities to a public accountant and asked him to prepare a balance sheet for the company as...
Study smarter with the SolutionInn App