Yield management systems are used to:
A)determine the availability of product substitutes in industries that are experiencing rapid change.
B)profitably fill unused capacity by using complex mathematical systems.
C)predict necessary service levels required to achieve revenue goals.
D)determine whether it is financially more feasible to buy a new product or repair a broken one.

Question

Quizplus · Accepted Answer

Yield management systems are used to fill unused capacity profitably by using complex mathematical systems. It involves selling the right product to the right customer at the right time at the right price to maximize revenue. It is commonly used in industries such as airlines, hotels, and rental cars, where the cost of a perishable product is fixed but the revenue generated from selling it can vary depending on demand.

Yield Management Systems Are Used To