The practices of dynamic pricing and revenue management have transformed the transportation and hospitality industries and are increasingly important in industries as diverse as retail, telecommunications, banking, healthcare, and manufacturing. The primary goal of Revenue Management has been succinctly described as “selling the right product to the right customer at the right time for the right price”. The program will discuss industry practices and use cases from different industries.
To explain the concepts of dynamic pricing and revenue management and to provide an understanding of the potential of revenue management.
To acquaint the participants with the various tools and techniques used for Revenue Management.
To discuss the application of dynamic pricing in different industries.
To expose the methodology to be implemented by companies selling seasonal/perishable products under uncertain and changing market conditions.
Introduction to Dynamic Pricing and Revenue Optimization, Dynamic Pricing - Industry Practices,
Price Differentiation and Revenue, Pricing with Constrained Supply, Pricing and Capacity Allocation, Network Management, Overbooking, Markdown Management, Customized Pricing.
Middle and Top-level managers
|Starts On||Nov 21, 2023|
|Faculty||Prof. Rofin T M / Prof. Maheswar Singha Mahapatra|
|Duration||Professional Fee*(Per participant)||GST(18%)||Total Fees(Per Participant)||Programme Code|
|18 Hrs||10,500.00||1,890.00||12,390.00||1 24 3 35|