Appointments, reservations, posted schedules, and wait lines are examples of how variations in capacity are smoothened.
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Q11: Yield management works with fixed capacities and
Q12: If demand cannot be segmented into price-
Q13: Overbooking is when hotels and airlines know
Q14: Overbooking is usually best done on the
Q15: Industries like car rentals use yield management
Q17: Basic waiting line model assumptions include the
Q18: Waiting line remedies come in two forms:
Q19: Employee training and frequent job rotation help
Q20: Line balancing is a strategy to reducing
Q21: Customer involvement and frequent communication can affect
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