Demand estimation is a fundamental component of revenue management systems. The demand for a product can be ascertained from the customers who purchase it. Identifying …
Demand forecasting is an integral part of every revenue management system. Demand raises from customers; therefore, knowing customers and their behavior is essential in this …
Knowing customer types and their purchase behavior helps revenue management experts to estimate the demand and finally devise a better sales strategy to improve the revenue …
A Nikseresht, K Ziarati - Engineering, Technology & Applied Science …, 2017 - core.ac.uk
During the selling time horizon of a product category, a number of products may become unavailable sooner than others and the customers may substitute their desired product with …
" Revenue management" systems are extensively utilized across various industries today. One of the primary pillars of revenue management lies in demand estimation, which predicts …
T Drabas, CL Wu - Journal of Revenue and Pricing Management, 2020 - Springer
The true demand of airline tickets is defined as the number of passengers that would book a particular flight if there was no capacity constraint. Estimating the true demand plays a …