Customer-centric availability evaluations in revenue management applications

Customer-centric availability evaluations in revenue management applications

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Article ID: iaor2009875
Country: United Kingdom
Volume: 7
Issue: 1
Start Page Number: 40
End Page Number: 44
Publication Date: Mar 2008
Journal: Journal of Revenue and Pricing Management
Authors:
Keywords: bidding, yield management
Abstract:

Origin and destination (O&D) revenue management systems rely upon seamless real-time availability execution tools to evaluate availability and bookings calls based on the network optimised bid price versus fare values. These real-time engines have evolved to take on an increasing level of activity including complex business rules management. These rules can influence availability based on a variety of business criteria including distribution channel; however, the next step in this evolution is to expand the distribution-centric approach to include a customer-centric approach. Real-Time Customer Management expands the power of evaluation engines to adjust availability based on inherent differences in channel costs and inherent differences in individual customers as members of a customer segment.

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