Forecasting for Revenue Management: An Introduction

Revenue management (RM) is concerned with maximizing the revenue earned from a given set of resources. Practitioners in this field work to (1) define the precise set of products, (2) optimally set product prices, and (3) optimally control product availability. In this article, McKay and Fred describe key elements of revenue management and the challenges of forecasting in this context. Copyright International Institute of Forecasters, 2014

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Year of publication:	2014
Authors:	Curtis, S. McKay ; Zahrn, Frederick C.
Published in:	Foresight: The International Journal of Applied Forecasting. - International Institute of Forecasters - IIF. - 2014, 34, p. 32-38
Publisher:	International Institute of Forecasters - IIF

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010875492