Data Analysis for Dynamic Pricing in Airline

2014 ◽  
Vol 16 (1) ◽  
pp. 14-22
Author(s):  
Rahul Bhaskar
Keyword(s):  
Decision Making ◽  
Airline Industry ◽  
Dynamic Pricing ◽  
Pricing Strategy ◽  
External Information ◽  
Decision Making Process ◽  
Short Term ◽  
Ticket Pricing ◽  
Airline Company

The competitors in the airline industry often rely on pricing strategy to capture more sales as a main mean of competition. Thus, dynamic pricing is often utilized to maximize profit while allowing better pricing against competition at the same time. In order for dynamic pricing to be effective, airline company has to take in consideration both internal and external information. Tactical pricing is an important component for airline, for it provides both short term and long term strategies to ticket pricing. The case is an exemplification of how tactical pricing plays an important role in the decision making process of an airline company.

scholarly journals Context Analysis in the Development of Diving Technologies

2019 ◽  
Vol 67 (2) ◽  
pp. 7-58
Author(s):  
Ryszard Kłos
Keyword(s):  
Decision Making ◽  
Continuous Improvement ◽  
Previous Article ◽  
Decision Making Process ◽  
Context Analysis ◽  
New Approach ◽  
Knowledge Based ◽  
Research Cycle ◽  
Level Of Risk

Abstract The previous article described a new approach methodology1 for work on the development of technology for the use of the SCR CRABE SCUBA2 type diving apparatus. However, after its publication numerous questions emerged regarding the genesis of the research undertaken, also from foreign partners using the same rebreather. The work on changing the technology of use was preceded by analyses, which were available only to people involved in the decision-making process. Demonstrating all the details of the decision-making process may be tedious, but failing to present them at all might raise justified doubts about the advisability of conducting a long-term research cycle. This article only presents preliminary analyses. The necessity to perform them resulted from the specific requirements for military technologies3 which, as broadly as possible, should be knowledge-based. The knowledge-based approach by its very nature allows continuous improvement of the adequacy of the predictions made, the estimation of the level of risk when diagnosing deviations from the repeatability or precision of the model, and the possibility of adapting the technology to the changing requirements of the user resulting from tactical considerations of its use.

scholarly journals Investment analysis of plum brandy production – methodology approach

2008 ◽  
Vol 2 (1-2) ◽  
pp. 103-105
Author(s):  
Lari Hadelan
Keyword(s):  
Decision Making ◽  
Planning Process ◽  
Investment Decision ◽  
Investment Analysis ◽  
Decision Making Process ◽  
Investment Appraisal ◽  
Financial Decision ◽  
Plum Brandy

The major prerequisite of successful entrepreneurship venture is quality of decision-making process. Decision in investment is the most important financial decision. It is a part of both long-term business planning process and strategic business definition. Using available investment appraisal methods, entrepreneur should make positive or negative investment decision. Within the development of the economic theory and the practice many of methods made decision-making process rational and gave the scientific and practical base for successful project evaluation.

A troubled View of Current Trends in Forensic Psychiatry

1974 ◽  
Vol 2 (2) ◽  
pp. 135-157 ◽  
Author(s):  
Seymour L. Halleck
Keyword(s):  
Decision Making ◽  
Forensic Psychiatry ◽  
Good Reason ◽  
Legal Issues ◽  
Social Conditions ◽  
Decision Making Process ◽  
Long Term Effects ◽  
Social Purpose ◽  
Current Trends

Increasing involvement of psychiatrists in legal issues seems inevitable. As the courts are being asked to resolve more and more social conflicts they have understandably sought the assistance of specialists who allegedly bring expertise and prestige to the decision-making process. While psychiatrists can sometimes help the courts make more informed decisions, there is good reason to question whether much of current psychiatric involvement in legal issues serves a useful social purpose. Psychiatrists are also spending more time in the courtroom defending certain treatments of patients that had never before been questioned. The validity of attacks on certain psychiatric practices and the potential long-term effects on the treatment of patients must be reappraised in terms of current social conditions.

Long-Term Decision-Making: Biological and Psychological Evidence

2009 ◽  
Vol 9 (3) ◽  
pp. 9-19 ◽  
Author(s):  
Thomas Princen
Keyword(s):  
Decision Making ◽  
Time Horizon ◽  
Cultural Factors ◽  
Structural Factors ◽  
Short Term ◽  
Environmental Decision Making ◽  
Human Decision ◽  
Psychological Evidence ◽  
Widespread Belief

A central conundrum in the need to infuse a long-term perspective into climate policy and other environmental decision-making is the widespread belief that humans are inherently short-term thinkers. An analysis of human decision-making informed by evolved adaptations—biological, psychological and cultural—suggests that humans actually have a long-term thinking capacity. In fact, the human time horizon encompasses both the immediate and the future (near and far term). And yet this very temporal duality makes people susceptible to manipulation; it carries its own politics, a politics of the short term. A “legacy politics” would extend the prevailing time horizon by identifying structural factors that build on evolved biological and cultural factors.

The Methodology for the Selection of Technologies for the Removal of Microorganisms from ETICS

2016 ◽  
Vol 820 ◽  
pp. 200-205 ◽  
Author(s):  
Naďa Antošová ◽  
Katarína Minarovičová
Keyword(s):  
Decision Making ◽  
Thermal Insulation ◽  
Composite System ◽  
Biological Materials ◽  
Decision Making Process ◽  
Strategic Reasoning ◽  
Unicellular Organisms ◽  
Selection Of

The paper has the ambition to point out the validation of conceptual and a strategic reasoning in the design of solution of “green façade” with external thermal insulation composite system (ETICS). The text deals with selected information derived from long-term research on contamination of ETICS by biological materials (mostly unicellular organisms - algae). The paper concludes with a draft of decision-making process.

scholarly journals Dynamic Pricing Based on Strategic Consumers and Substitutes in a Duopoly Setting

2014 ◽  
Vol 2014 ◽  
pp. 1-9
Author(s):  
Gongbing Bi ◽  
Lechi Li ◽  
Feng Yang ◽  
Liang Liang
Keyword(s):  
Decision Making ◽  
Nash Equilibrium ◽  
Product Differentiation ◽  
Dynamic Pricing ◽  
Dynamic Game ◽  
Solution Concept ◽  
Expected Value ◽  
Decision Making Process ◽  
Pricing Model ◽  
Strategic Consumers

Based on the rational strategic consumers, we construct a dynamic game to build a two-period dynamic pricing model for two brands of substitutes which are sold by duopoly. The solution concept of the dynamic game is Nash equilibrium. In our model, consumers have been clearly segmented into several consumption classes, according to their expected value of the products. The two competing firms enter a pricing game and finally reach the state of Nash equilibrium. In addition, decision-making process with only myopic consumers existing in the market is analyzed. To make the paper more practical and realistic, the condition, in which the myopic and strategic consumers both exist in the market, is also considered and studied. In order to help the readers understand better and make it intuitively more clearly, a numerical example is given to describe the influence of the main parameters to the optimal prices. The result indicates that, to maintain the firms’ respective optimal profits, the prices of the products should be adjusted appropriately with the changes of product differentiation coefficient.

scholarly journals Penguatan Gender dalam Pengambilan Keputusan Birokrasi di Kabupaten Bone Bolango

2018 ◽  
Vol 1 (1) ◽  
pp. 24
Author(s):  
Robby Hunawa
Keyword(s):  
Decision Making ◽  
Qualitative Research ◽  
Data Collection ◽  
Research Method ◽  
Decision Making Process ◽  
The Public ◽  
Female Figures ◽  
Reinforcement Model ◽  
The Impact

The long-term goal of this research is the birth of the process of drawing women's involvement in the bureaucratic decision-making process, and the gender reinforcement model in bureaucratic decision making in Bone Bolango District. The target of the research will be done by stages: 1) identify the problem of constraints faced; and 2) to formulate a model of gender reinforcement in bureaucratic decision making. The research method used is qualitative research with data collection techniques through: interview, documentation, and FGD. Further data collected will be analyzed data triangulation. The result of the research is the birth of a model of gender reinforcement in decision making bureaucracy. The impact of the study will provide answers on women's partisifasi in decision making. During this time the existence of women is very much ruled out. The presence of female figures in the public dimension brings new trends in the context of government. Women want to be treated proportionally. This tendency has implications for the inclusion of women to compete with men to become leaders.

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