The cost of a capacity shortage is the increase in productivity that results from having to go to a backup source.
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Q11: Faced with seasonal peaks,an effective revenue management
Q12: Spoilage occurs when the capacity reserved for
Q13: Revenue management adjusts the pricing and available
Q14: In theory,the concept of differential pricing decreases
Q15: The tactic of overbooking or overselling the
Q17: Unused capacity from the past is extremely
Q18: The cost of wasted capacity is the
Q19: Revenue management is the use of marketing
Q20: The goal when making the overbooking decision
Q21: Pricing can be used to
A)change available supply.
B)reduce
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