Dynamic Pricing in the Airline Industry R. Preston McAfee and Vera te Velde California Institute of Technology Abstract: Dynamic price discrimination adjusts prices based on the option value of future sales‚ which varies with time and units available. This paper surveys the theoretical literature on dynamic price discrimination‚ and confronts the theories with new data from airline pricing behavior. Correspondence to: R. Preston McAfee‚ 100 Baxter Hall‚ California Institute of Technology‚
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Airline industry value chain Inbound logistics Primary activites Stock control airlines must store and handle fuel‚ food‚ and drinks. Stock is managed to ensure reductions in stock turnover‚ thus reducing costs and wastage. Route selection airlines must choose their flight routes. These will be selected upon desired routes‚ and deals negotiated with the airports. Airports are selected for their prime location‚ to allow consumers to get to their desired location. This then entails the
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DECEMBER 28‚ 2010 GLOBAL CORPORATE FINANCE RATING METHODOLOGY Global Telecommunications Industry Summary This rating methodology explains Moody’s approach to assessing credit risk for companies in the telecommunications industry. This publication is intended to provide a reference tool that can be used when evaluating credit profiles within the telecommunications industry‚ helping companies‚ investors‚ and other interested market participants understand how key qualitative and quantitative
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Global Cosmetic Industries In the world of globalization with unstable economic situation most of the investors looking for more stable market place to invest for long term. Selecting an appropriate market place with the concern of risk associate with it is a vital task for any investor. Global Cultural Revolution makes all cultural consumers to move into standardized product rather then using local products. Europe and America already achieved a well structure cosmetics and toiletries market
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CONTENTS GLOBAL CEMENT to 2020 Country-by-Country Forecasts of Cement Supply & Demand The world cement industry is a complex structure of local‚ national‚ regional and global markets and cement/clinker movements. The structure is ever changing‚ being closely tied to changes in a range of variables – including macro-economic growth‚ housing sector booms‚ public spending levels‚ trade protectionism‚ and transportation costs. With a relatively small number of multinational companies dominating
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GridIndicated Rating Outcomes Appendix A: Global Chemcial Industry Methodology Factor Grid Appendix B: Methodology GridIndicated Ratings Appendix C: Observations and Outliers for Grid Mapping Appendix D: Chemical Industry Overview Appendix E: Key Rating Issues over the Intermediate Term 1 3 5 8 Corporate Finance December 2009 Moody’s Global Global Chemical Industry Summary This rating methodology explains Moody’s approach to assessing credit risk for global chemical companies. This document replaces
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1111/j.1360-0443.2008.02430.x The global alcohol industry: an overview David H. Jernigan Department of Health‚ Behavior and Society‚ Johns Hopkins Bloomberg School of Public Health‚ Baltimore‚ MD‚ USA ABSTRACT Aims To describe the globalized sector of the alcoholic beverage industry‚ including its size‚ principal actors and activities. Methods Market research firms and business journalism are the primary sources for information about the global alcohol industry‚ and are used to profile the size
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Global Strategic Management Mini Cases Series The Global Cement Industry Cement is a basic ingredient for the construction industry. Cement is made out of limestone‚ shell‚ clay mined out of a quarry close to the plant. The raw material is crushed‚ and then heated at temperature in excess of 1000 ºC in rotating kiln to become clinker. Clinker is then mixed with gypsum and ground to a fine powder to produce final grade of cement. The technology is a continuous process and is highly energy
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The global pharmaceutical industry Introduction Pharmaceutical industry is the one of big revenue business in the world. There are lots of company gains a lot of profit and market share in this industry. Most of those companies were established in 19 century and early 20 century. This study explains their model development process of pharmaceutical industry‚ it details some issue like Thalidomide tragedy in 1970’s and legislation‚ then decreases the risk of side effect and protects the patient
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Analysis page 3 3) QANTAS human resource planning strategy page 3 4) Key human resource planning issues page 4 4.1) A flexible workforce 4.2) Improving productivity 4.3) Increasing workplace safety 4.4) Recruit internally for future human resource needs 5)SWOT of Qantas page 5 5.1) Strength 5.2) Weaknesses 5.3) Opportunities 5.4) Threat 6) Recommendation page 6-7 7) References page 8 1) Introduction The Qantas Airway is one of
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