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Yield or Revenue Management 3 Suppose your parking lot has two different consumers who use it at two different times Daily commuters use it during the daytime and sports fans use it at different

Yield or Revenue Management 3 Suppose your parking lot has two different consumers who use it at two different times. Daily commuters use it during the daytime, and sports fans use it at different times to park at sporting events. Daily commuter demand is variable, yet stable and known. 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? Group Problems G12-1 Pricing Commonly Owned Products Describe a pricing decision your company made involving commonly owned products. Was it optimal? If not, why not? How would you adjust price? Compute the profit consequences of the change.

Jun 08 2020 View more View Less

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