Revenue Management

A practitioner writes:

I was also a one-man pioneer of yield management. When the transatlantic APEX fares came in, much lower than anything that had gone before, one of my jobs was to decide what the allocation of APEX seats would be on each flight – zero, 5, 10, 15, 20 or 25. I had to do it a month at a time, for every US flight, in either direction, and it was sooooo boring.

I knew if I mixed the numbers up with no observable pattern, they would look as if more science and less repetition had gone into them, so that’s what I did. I’d spend an hour or so using my best judgement then just randomise the rest to get the job done.

Sounds about right…..

This entry was posted in Too good to miss. Bookmark the permalink.

1 Response to Revenue Management

  1. Nathalie, Beaumes says:

    Ha! yes, sounds about right.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s