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yield or revenue management Suppose you parking lot has two different consumers who use it at two different times

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yield or revenue management;Suppose you parking lot has two different consumers who use it at two different times. Daily commuters use it during day time, and sports fans use it at different times to park at sporting events. Daily commuter demand is variable, yet stable and unknown. Demand for sporting events is uncertain, and depends on the quality of the match, as well as on unpredictable events, like the weather. How would you price these two events differently?

 

Paper#32441 | Written in 18-Jul-2015

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