311_session_28_conclusions

311_session_28_conclusions - revenue – Capacity Control...

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1 Conclusions BUAD311 Session 28
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2 Session # 22 Inventory Systems Continuous System Periodic System What is the average inventory level? Inventory Turns
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3 Session # 23 Incentive and Information Supply Chain Coordination Double marginalization Beer Game Bull-whip effect
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4 Session # 24 Zara Case How Zara differs from its competitor Low cost? High cost? Slow? Quick? Other implications
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5 Session # 25 Revenue Management Overview Draw a decision tree Two types of node Practice solving decision trees Example on delaying decisions to collect information
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6 Session # 26 Basic Revenue Management Market Segmentation How to set price in order to maximize
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Unformatted text preview: revenue. – Capacity Control • How to determine the optimum number of discounted items to sell before holding back in the hope of selling an item at full-fare. – Overbook • How to set overbooking limits. 7 Session # 27 Project Management – Network presentation • AON and AOA – CPM • Critical path and bottleneck 8 Final Format 4:30pm on December 13 Location THH201 – Format similar to Exam 1&2 – Cumulative – Closed book/notes – Bring your calculator and one double-sided crib sheet. – No laptops, no cell phones....
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