Maximize Your Revenue By Maximizing Your Delegate Profile Value
Maximizing revenue from available capacity at a given time
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Transcript of Maximizing revenue from available capacity at a given time
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Welcome to
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Maximizing Revenue from Available Capacity at a Given Time
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Most effective when:– Relatively high fixed capacity– High fixed cost structure– Perishable inventory– Variable and uncertain demand– Varying customer price sensitivity
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Revenue management is price customization Charge different value segments different prices for same product based on price sensitivity
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Revenue management uses mathematical models to examine historical data and real time information to determine– What prices to charge within each price bucket– How many service units to allocate to each bucket
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Rate fences deter customers willing to pay more from trading down to lower prices (minimize consumer surplus)