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IE 706: Pricing and Revenue Management

Prerequisite: IE 601 and IE 611 or Instructor's Consent

Contents
 
Basic principles of pricing and market segmentation, cost based and market based pricing, price discrimination and product/service bundling.
 
Demand forecasting and demand sensing, price demand relationships.
 
Principles of revenue management, Littlewood’s rule, capacity and price based revenue management techniques, overbooking, network revenue, management, multi-product pricing.
 
Dynamic pricing, markdowns and discounts, bid-price and auction based methods.
 
Pricing in specific industry sectors, retail, airlines, automobiles, events, internet pricing models.
 
Optimization techniques, learning algorithms and other techniques for revenue management.
 

References

  • Talluri, K. and G. J. van Ryzin, The Theory and Practice of Revenue Management, Kluwer, Amsterdam, 2002
  • Phillips, R.L., Pricing and Revenue Optimization, Stanford University Press, Stanford, USA, 2004
  • Kotler P., G. Lilien and S. Moorthy, Marketing Models, Prentice Hall, 2003
  • Nagle, T.T., The Strategy and Tactics of Pricing, Prentice Hall, 2005
  • Yeoman, I., Revenue Management and Pricing: Case studies and applications, International Thomson Business Press, 2004
  • Ingold, A., I. Yeoman, U. McMahon (editors), Yield Management: Strategies or the Service Industries, International Thomson Business Press, 2001