MLchartDataset catalogue

Yield management

Term · Logistics and supply chain · MLC-T-LOG-000242

A pricing strategy that dynamically adjusts prices for a fixed, perishable capacity to maximize revenue. This approach considers factors such as demand forecasts, booking patterns, and competitor pricing to determine optimal rates. It is commonly applied in industries like airlines, hotels, and rental car services where inventory cannot be stored.

Table 1. Record
IdentifierMLC-T-LOG-000242
FieldLogistics and supply chain
Record as JSON 
{
  "id": "MLC-T-LOG-000242",
  "term": "Yield management",
  "field": "Logistics and supply chain",
  "definition": "A pricing strategy that dynamically adjusts prices for a fixed, perishable capacity to maximize revenue. This approach considers factors such as demand forecasts, booking patterns, and competitor pricing to determine optimal rates. It is commonly applied in industries like airlines, hotels, and rental car services where inventory cannot be stored.",
  "url": "https://mlchart.com/terminology/logistics/yield-management/"
}

Record 255 of 256 in Logistics and supply chain terminology (MLC-0105). Request the full dataset.