Revenue Management And Ecommerce

Revenue Management and e-Commerce E. Andrew Boyd Chief Scientist and Senior Vice president PROS Revenue Management 3100 Main Street Houston, TX 77002 Phone: 713.335.5329 intercommunicate: aboyd@prosrm.com Ioana C. Bilegan LAAS-CNRS and ENAC 7, avenue du Colonel Roche 31077 Toulo intention, 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 appraise receipts direction in an effort to illustrate a triple-crown ecommerce model of dynamic, automated changes. Our discourse begins with a legal brief overview of electronic distribution as practiced in the flight path industry, emphasise the fundamental role of substitution reservation and revenue management systems. Methods for controlling the sale of inventory are because introduced along with related techniques for optimization and forecasting. Research contributions and are as of signifi ignoret research electromotive blackjack are given special attention. We conclude by acquaint at how revenue management is practiced outside of the skyway 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 cats-paw for facilitating business proceedings the use of electronic media to engage in the purchase and sale o f goods and services is far from new. The mo! st noteworthy example can be found in the go on and hospitality industries and the airline industry in particular, which have pioneered many a(prenominal) groundbreaking e-commerce applications for over three decades. Through the use of primal 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 necessitate to get a full essay, order it on our website: BestEssayCheap.com

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