What does revenue management entail

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Reference no: EM133400293

1. What is the purpose of sales and operations planning? Describe the S&OP process.

2. List several alternatives for adjusting capacity. List several alternatives for managing demand.

3. Describe the output of aggregate planning. When is aggregate planning most useful?

4. How do linear programming, the linear decision rule, the search decision rule, and the management coefficients model differ in terms of cost functions and output?

5. Identify several industries that have highly variable demand patterns. Explore how they adjust capacity.

6. What options are available for altering the capacity of (a) an elementary school, (b) a prison, and (c) an airline?

7. Discuss the advantages and disadvantages of using part-time workers, subcontracting work, and building up inventory as strategies for meeting demand.

8. Describe the levels of production and capacity planning in the hierarchical planning process.

9. Explain the process of collaborative planning. How is available-to-promise involved?

10. Access a major vendor of business software, such as SAP or Oracle. Read about their demand management, available-to-promise, and production planning products. What kinds of capabilities do these systems have?

11. How is the aggregate planning process different when used for services rather than for manufacturing?

12. What does revenue management entail? What types of businesses, besides hotels and airlines, would benefit from revenue management? As a consumer, how do you view the practice?

Reference no: EM133400293

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