Consider how airlines cope with balancing capacity and demand. In particular, consider the role of yield management.
Question:
Consider how airlines cope with balancing capacity and demand. In particular, consider the role of yield management.
Do this by visiting the website of a low-cost airline, and for a number of flights price the fare that is being charged by the airline from tomorrow onwards. In other words, how much would it cost if you needed to fly tomorrow, how much if you needed to fly next week, how much if you needed to fly in 2 weeks, etc.? Plot the results for different flights and debate the findings.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Operations And Process Management Principles And Practice For Strategic Impact
ISBN: 9780273684268
1st Edition
Authors: Nigel Slack, Stuart Chambers, Robert Johnston, Alan Betts
Question Posted: