Revenue Management And Ecommerce

Revenue Management and e-Commerce E. Andrew Boyd Chief Scientist and Senior Vice prexy PROS Revenue Management 3100 Main Street Houston, TX 77002 Phone: 713.335.5329 communicate: aboyd@prosrm.com Ioana C. Bilegan LAAS-CNRS and ENAC 7, avenue du Colonel Roche 31077 Toulo lend oneself, France Phone: (33) 5 6133 6941 email: bilegan@laas.fr January 20, 2002 rewrite July 10, 2002 revise November 15, 2002 Revised February 21, 2003 Revised April 15, 2003 Abstract We trace the history of taxation tax revenue direction in an effort to illustrate a triple-crown ecommerce model of dynamic, automated changes. Our discourse begins with a apprize overview of electronic distribution as practiced in the air duct industry, emphasise the fundamental role of fundamental reservation and revenue management systems. Methods for controlling the sale of inventory are therefore introduced along with related techniques for optimization and forecasting. Research contributions and areas of si gnifi ignoret research electromotive phalanx are given special attention. We conclude by baptistery at how revenue management is practiced outside of the air lane industry, its relationship to dynamic pricing, and future directions for the discipline. 1 Introduction E-commerce is frequently, and incorrectly, equated with the use of the Internet to do business.

While the Internet has unquestionably been at the forefront of the rapid expansion of e-commerce providing a low-cost, ubiquitous lance for facilitating business proceedings the use of electronic media to engage in the purchase and sale of goods a nd services is far from new. The most guidi! ng light example can be found in the belong and hospitality industries and the airline industry in particular, which have pioneered numerous groundbreaking e-commerce applications for over three decades. Through the use of rally reservation systems, travel and hospitality companies manage the sale of their inventory. Initially, central reservation systems were apply simply to record transactions against the sale...If you essential to get a full essay, order it on our website: BestEssayCheap.com

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