Encyclopedia of Operations Research and Management Science

2013 Edition
| Editors: Saul I. Gass, Michael C. Fu

Yield Management

Reference work entry
DOI: https://doi.org/10.1007/978-1-4419-1153-7_200927

Abstract

Managing capacity/inventory of a fixed perishable product such as airline seats or hotel rooms to maximize profit or revenue. The term was coined in the airline industry, precursor to the modern fields of dynamic pricing and revenue management.

Managing capacity/inventory of a fixed perishable product such as airline seats or hotel rooms to maximize profit or revenue. The term was coined in the airline industry, precursor to the modern fields of dynamic pricing and revenue management.

See

References

  1. Ben-Yosef, E. (2005). The evolution of the US airline industry: Theory, strategy and policy. Dordrecht: Springer. Chapter 7: Yield management.CrossRefGoogle Scholar

Copyright information

© Springer Science+Business Media New York 2013