Organizations with fixed, perishable capacity can benefit from
A)yield management.
B)price increases.
C)constraints.
D)suboptimization.
E)waiting lines.

Question

Quizplus · Accepted Answer

Yield management is a strategy used by organizations with fixed, perishable capacity (such as airlines, hotels, and other service industries) to maximize revenue through the management of inventory and pricing based on forecasting demand. This approach helps in optimizing the amount of revenue generated from a fixed, perishable resource.

Organizations with Fixed, Perishable Capacity Can Benefit from