Make the case for, and then against, this pricing system. Does the general public seem to accept revenue management? What would happen if you overheard the person in front of you in line getting a better room rate at a Hilton Hotel? How do customers manipulate the airline systems to get better fares?

Question

Want to see more full solutions like this?

Answer 1

Textbook Question

Chapter 13, Problem 1ED

Make the case for, and then against, this pricing system. Does the general public seem to accept revenue management? What would happen if you overheard the person in front of you in line getting a better room rate at a Hilton Hotel? How do customers manipulate the airline systems to get better fares?

Expert Solution & Answer

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Students have asked these similar questions

Excel Please. The workload of many areas of banking operations varies considerably based on time of day. A variable capacity can be achieved effectively by employing part-time personnel. Because part-timers are not entitled to all the fringe benefits, they are often more economical than full-time employees. Other considerations, however, may limit the extent to which part-time people can be hired in a given department. The problem is to find an optimal workforce schedule that would meet personnel requirements at any given time and also be economical. Some of the factors affecting personnel assignments are listed here: The bank is open from 9:00am to 7:00pm. Full-time employees work for 8 hours (1 hour for lunch included) per day. They do not necessarily have to start their shift when the bank opens. Part-time employees work for at least 4 hours per day, but less than 8 hours per day and do not get a lunch break. By corporate policy, total part-time personnel hours is limited…

IM.84 An outdoor equipment manufacturer sells a rugged water bottle to complement its product line. They sell this item to a variety of sporting goods stores and other retailers. The manufacturer offers quantity discounts per the following discount schedule: Option Plan Quantity Price A 1 - 2,399 $5.50 B 2,400 - 3,999 $5.20 C 4,000+ $4.50 A large big-box retailer expects to sell 9,700 units this year. This retailer estimates that it incurs an internal administrative cost of $225 each time it places an order with the manufacturer. Holding cost for the retailer is $55 per case per year. (There are 40 units or water bottles per case.) Based on this information, and not taking into account any quantity discount offers, what is the calculated EOQ (in units)? (Display your answer to the nearest whole number.) Number Based on this information, sort each quantity discount plan from left to right by dragging the MOST preferred option plan to the left, and the LEAST preferred…

In less than 150 words, what is an example of what your reflection of core values means to you and your work: Commitment, Perseverance, Community, Service, Pride?

Answer 2

Textbook Question

Chapter 13, Problem 1ED

Make the case for, and then against, this pricing system. Does the general public seem to accept revenue management? What would happen if you overheard the person in front of you in line getting a better room rate at a Hilton Hotel? How do customers manipulate the airline systems to get better fares?

Expert Solution & Answer

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 3

Textbook Question

Chapter 13, Problem 1ED

Make the case for, and then against, this pricing system. Does the general public seem to accept revenue management? What would happen if you overheard the person in front of you in line getting a better room rate at a Hilton Hotel? How do customers manipulate the airline systems to get better fares?

Expert Solution & Answer

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 4

Textbook Question

Chapter 13, Problem 1ED

Make the case for, and then against, this pricing system. Does the general public seem to accept revenue management? What would happen if you overheard the person in front of you in line getting a better room rate at a Hilton Hotel? How do customers manipulate the airline systems to get better fares?

Expert Solution & Answer

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!

Answer 5

Textbook Question

Answer 6

Textbook Question

Answer 7

Expert Solution & Answer

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Answer 8

Expert Solution & Answer

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Answer 9

Expert Solution & Answer

Answer 10

Expert Solution & Answer

Answer 11

Summary Introduction

Case summary:

In the recent days, airline passengers stand in numerous lines and uses taxiway due to air-traffic problems and lack of open gates. Gripes travelers in the aero plane gets annoyed if they find the person sitting next to them paid lower fare. They were against this pricing system.

To determine: For and against report about the pricing system.

Answer 12

Explanation of Solution

Determine the details about the pricing system and its effect on public:

Revenue management is crucial from the airline’s point of view. Revenue management is the most critical method that can be followed in hotels, universities, and restaurants. The revenue management technique in hotels, restaurants, and universities helps to approach various market segments.

However, from customers’ point of view, it is the sense of unfairness. They would be annoyed if they travel in the same plane that has the people who paid half as much as they paid.

If Person X overheard that the person in front of his line getting had better room rate, it would annoy him. He might think that there is an unfairness of treating its customers. Most of the customers would be against the revenue management technique and mentioned pricing strategy.

Answer 13

Ch. 13 - Make the case for, and then against, this pricing...Ch. 13 - Prob. 1DQ Ch. 13 - Why are SOP teams typically cross-functional?Ch. 13 - Prob. 3DQ Ch. 13 - Prob. 4DQ Ch. 13 - Prob. 5DQ Ch. 13 - Prob. 6DQ Ch. 13 - Prob. 7DQ Ch. 13 - Prob. 8DQ Ch. 13 - Prob. 9DQ

Concept explainers

Videos

Explanation of Solution

Want to see more full solutions like this?

Chapter 13 Solutions