Future of Pricing: How Airline Ticket Pricing Has Inspired a Revolution

Hardcover
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Author: E. Andrew Boyd

ISBN-10: 0230600190

ISBN-13: 9780230600195

Category: Economic Theory & Schools of Thought

A story about science, technology, and people, The Future of Pricing provides an inside look at how airlines price tickets and how practices developed in the airline industry are now revolutionizing the world of pricing. Written for business professionals and students wanting to better understand the rapid growth of scientific pricing, the author draws upon his years of experience as Chief Scientist for a pricing software firm that has implemented over 250 pricing solutions with over 100...

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A story about science, technology, and people, The Future of Pricing provides an inside look at how airlines price tickets and how practices developed in the airline industry are now revolutionizing the world of pricing. Written for business professionals and students wanting to better understand the rapid growth of scientific pricing, the author draws upon his years of experience as Chief Scientist for a pricing software firm that has implemented over 250 pricing solutions with over 100 airlines and Fortune 500 companies. Using first-hand accounts, interviews, anecdotes, and examples, the book explores how leading companies have dealt with obstacles ranging from stubborn sales agents to overly zealous scientists to emerge as powerful, rational pricing organizations.

A Revolution in the Making • Method or Madness? • The Computer Did It • How It All Works • When Passengers Collide • Hold Me, Darlin' • Upon Arrival: Hotels, Rental Cars, Cruise Ships, and More • The Just Price • The Scientists • The State of Pricing • Pricing's Many Faces • The Coming Revolution