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Essay

Revenue Management

Essay specific features

 

Issue:

Business

 

Written by:

Stephen W

 

Date added:

March 26, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2502

 

Was viewed:

6957 times

 

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Essay content:

In addition, Kimes (2000:4) defines that ?§yield management is the application of information systems and pricing strategies to allocate the right capacity to the right customer at the right place at the right time.?? She suggest that Yield Management are applicable where the following conditions predominated: ?U Capacity is relatively fixed ?U Demand can be predicated separated in to distinct market segment ?U Inventory is perishable ?U Products is sold well in advance of consumption ?U Demand fluctuates substantially ?U Marginal sale costs are low and production costs are high Moreover, Kimes (1998, 2000) suggests that the following factors are the necessary ingredient for a yield management system: ?U Market Segmentation ?U Historical Demand and Booking Patterns ?U Forecasting ?U Pricing Knowledge ?U Overbooking Policy ?U Information System Furthermore, Jones and Kewin (2000:234, cited in Ingold et al...
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Due to the scale of this essay, the author will only discuss the hotel industry. The above definitions have identified that historical performance, accurate forecasting, information system, technology and management knowledge are vital to success yield management. However, these definitions fail to address how to operate the yield management system effectively...
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General issues of this essay:
Information Communication Technologies In Knowledge Management Strategies. Can Knowledge Actually Be Managed? Information Knowledge Management "Human Resource Management advocates the devolution of people management from the Human Resource function to line management. However, research shows that this is difficult to achieve in practice (Gratton et al, 1999.) Discuss why this is the case... The use of Information Systems in developing Knowledge Management Strategy Growth And Development Of Management Student By Opting Management Thesis. : Enriching Intellectual Knowledge & Research Abilities Management Information System Mis-Management Information System Management Information System Management Information System Information Technology Management Information Technology In The Management Of Organizations Information Technology in an Organization's Management Performance Management System In V&A Museum A Report If You Were James Gorman, The New Head Of Global Wealth Management, What Information Systems Would You Invest In? Why? Do You Think Morgan Stanley’S Plans For An Integrated Client Information System Are Worthwhile? Management Information System - Retail Sector
 

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