Yield management seeks to maximize profit from time-sensitive products and services.

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Yield management is a pricing strategy that aims to maximize revenue by adjusting prices according to the level of demand, so as to sell the right product to the right customer at the right price and time. This approach is commonly used in industries such as airline, hotel, car rental, and entertainment, where inventory is limited, perishable, and subject to seasonal fluctuations. By using sophisticated algorithms and data analytics, yield management enables companies to more effectively forecast demand and adjust pricing to yield the greatest profit.

Yield Management Seeks to Maximize Profit from Time-Sensitive Products and Services