maj 29th, 2006

Cracow Grid Seminar 01.06.2006

Kategoria wpisu: - Prelekcje, Wszystkie, Wydarzenia: - Maciej Frużyński @ 12:13

Akademickie Centrum Komputerowe CYFRONET AGH i Katedra Informatyki AGH zapraszają na kolejne Cracow Grid Seminar.

Cracow Grid Seminar
Czwartek 01 czerwca 2006 godz. 14.00
Katedra Informatyki AGH - s.429, budynek C2, IVpiętro

Umit Cholak
Director of Application Development, Sabre

“Airline Revenue Management Overview”

Yield Management concepts are applicable and beneficial when you have limited and perishable capacity - seats on an airplane, advertising time on TV, hotel rooms, communication bandwidth, etc. Revenue Management searches for an answer for this question: How many units of inventory to sell, to whom and when.

The advent of the digital economy is making Yield Management and dynamic pricing-type questions ever more important. One reason is that communication with customers is so much better thanks to e-mail and the Web. These technologies create the opportunity to change prices globally and instantly at little or no cost. At the same time, they facilitate rapid customer responses to price changes and quick response to that feedback. This is true not only for B2C e- commerce, but also for B2B. For example, yield management systems are now being integrated with core business processes by online leaders in last- minute travel deals, natural gas trading, tickets and other industries.

Dynamic pricing and yield management are destined to play a crucial role in online auctions and e-markets, presently the most explosively expanding part of e-business. Business processes incorporating these ideas can be designed properly only with the help of analytical methods.