Which of the following statements about YMS is true?
A) YMS are mathematically complex systems to make use of underutilized capacity and reduce the cost of perishability.
B) YMS are complex pricing systems used to set equilibrium pricing points.
C) The first use of YMS was in the car industry as it looked for ways to compete with imports.
D) YMS cannot be used by any other businesses but services.

Question

Quizplus · Accepted Answer

YMS (yield management systems) are indeed mathematically complex systems used to optimize revenue by making use of underutilized capacity and reducing the cost of perishability. This technique is commonly used in industries such as airlines, hotels, and rental car companies to maximize revenue by dynamically adjusting pricing based on demand and supply. Option B and C are both incorrect, as YMS is not a complex pricing system nor was it first used in the car industry. Option D is also incorrect, as YMS can be used by any industry where capacity utilization and perishability are important factors that affect revenue.

Which of the Following Statements About YMS Is True