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Course Prefix: IE   Course #: 414   Keywords: null   showing 1 to 1 of ~1

IE 414LEC Revenue Management and Pricing


Revenue Management (RM), or yield Management, is a set of operational tools for generating more revenue with resource allocations and/or dynamic pricing. In this course, we will cover the fundamental concepts of RM, with mathematical models and algorithms, including capacity control, network capacity control, overbooking, dynamic pricing, customer choice modeling, pricing under competition, estimation and forecasting. By the end of this course, students will be able to understand the basic principles of RM, build mathematical models and suggest proper computational solution methods.

Credits: 3
Grading: Graded (GRD)
Typically Offered: Varies
Prerequisites: IE 373, IE 374. Approved Industrial Engineering Majors Only.
Other Requisites: IE 414 Requisite
Published: Oct 13, 2020 13:33:43