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Course Prefix: IE   Course #: 414   Keywords: null  

IE 414LEC Revenue Management and Pricing

Lecture

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
Requisites: IE 414 Requisite Pre-Requisite: IE 373, IE 374. Approved Industrial Engineering Majors Only.
 
Published: Sep 13, 2021 15:02:55