Revenue Algorithms
Using our RM industry knowledge and experience we assist our Clients in identifying and documenting their Revenue business objectives, strategies and goals to creating rational and transparent prices. We assist in crafting business rules that can be translated into mathematical algorithms that accurately describe the relevant facts pertaining to a marketing, financial and internal pricing priorities. Our algorithms are based on constrained optimization techniques. These techniques allows tremendous flexibility - essentially any Client’s requirements which can be stated in specific, objective, quantifiable terms can be modeled to produce the best pricing strategy for your specific requirements.
Levering the power of advanced mathematical techniques, our Service Support team shall develop prices that satisfy each business rule, while achieving your specific financial objectives. We provide you with ultimate flexibility and accuracy when it comes to the development, implementation and management of pricing strategies. Our approach optimizes net revenue, minimizes contractual write-offs and reduces cost. These results can be achieved by you, regardless of whether you have done annual across-the-board prices increases or used other sophisticated approaches in the past.
Unconstraining Science
This means that the actual price is a reflection of everything that is known to the market that could affect it, for example, supply and demand, political factors and market sentiment. However, the pure technical analyst is only concerned with price movements, not with the reasons for any changes. We identify patterns of market behavior that have long been recognized as significant. For many given patterns there is a high probability that they will produce the expected results. Also, there are recognized patterns that repeat themselves on a consistent basis..
History repeats itself Forex chart patterns have been recognized and categorized for over 100 years and the manner in which many patterns are repeated leads to the conclusion that human psychology changes little over time Forex forecasts are based on market action involving price.
RM Support
Competitor analysis
Forecasting
Optimization
Pricing
Analytics
Forecasting Methods
The objective of the Sales and marketing team in any organization is to achieve the revenue targets. The targets are blue prints for the effective running of an organization... Read More
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Unconstraining by Statistical methods:
The switch from unconstrained methods has shifted revenue for many companies by atleast 1%. Quality of data is thus vital to the development of high quality forecast.
No Show and Cancellation forecasting:
Support in developing No show forecast based on PNR booking method or proration logic with clear impact of variables such as day of week, seasons.
Revenue Sensitivity analysis:
Understanding the significance of each variable to the revenue is done by several statistical tools and methods. YieldMix has expertise in network revenue management method that employs design of experiments and multivariate adaptive regression splines to approximate upper and lower bounds for the Markov decision process value function which supports in taking decisions on accepting/rejecting customer booking requests.