You’ve witnessed Amazon’s seemingly boundless powers as they continue to topple retail powerhouses. Borders, Circuit City, and countless others have become obsolete due to the disruptive nature of Amazon’s business model. However, retail is not the only [...]
Since the Great Recession, the cruise industry has seen steady growth in both capacity and demand. And while there is often a focus on ocean cruising, river cruises are also a part of this growing segment. However, despite technological advances, many [...]
Since its start in 1994, Amazon has spent large sums of money on perfecting business and customer data collection. From books, to groceries, to cloud servers, Amazon uses real time data to drive business decisions across their enterprise. As Amazon moves [...]
All Revenue Management Systems (RMS) must satisfy a list of functional requirements, such as producing an accurate demand forecast that controls for seasonality, trend, and special events. In addition, it’s essential that the system recommend optimal [...]
These days everyone is talking about Data Science and Machine Learning – they’re the new buzzwords! How do these fresh fields compare to the seemingly age-old profession of Operations Research? What does the future hold for those in these professions? [...]
Names are important. We use them every day, whether referring to ourselves or everyday objects. The more descriptive and self-describing a name is, the more it intrinsically conveys meaning and eliminates ambiguity and any unknowns.
Your company was on the forefront of implementing a Revenue Management system. It was a strategic investment that you and the stakeholders of the organization made. However, five years have passed, and you hit a reflection point. Is the system still [...]