Question

A __________ Consists of dynamic methods to forecast demand, allocate perishable assets across market segments, decide when to overbook and by how much, and determine what price to charge different customer classes.

Answer 1

Answer: revenue management system

Step-by-step explanation:

A revenue management system is defined as the art of developing mathematical models that are capable of determining which product should be offered to which customer segment at a given time in order to maximize revenue. Demand forecasting plays a crucial role in revenue management. The lack of precision in demand models results in the loss of revenue.