Yield management systems employ techniques such as discounting early purchases,limiting early sales at these discounted prices,and overbooking capacity.

Question

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Yield management systems aim to maximize revenue by implementing pricing strategies such as discounting early purchases, but also by limiting the availability of these discounts to incentivize customers to book earlier, and by overbooking to maximize capacity utilization.

Yield Management Systems Employ Techniques Such as Discounting Early Purchases,limiting