• Title/Summary/Keyword: Revenue Management

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Revenue Management and It's Application to ISP Business (수익관리의 이해와 ISP사업에의 응용)

  • 윤문길;김후곤;윤덕영
    • Journal of Korea Society of Industrial Information Systems
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    • v.8 no.3
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    • pp.111-119
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    • 2003
  • The concept of revenue management have been used mainly in the service-industries like hotel and air transportation which handles perishable asset. Recently however, it is being increasingly applied to many other areas including travel, railway and medicine. This paper tries to introduce the concept into the internet business. Revenue management used in the service industry is a good system for the management of perishable asset. Internet business can be classified as various industries according to the characteristics of the individual companies. Contents providers and internet service providers are very similar to service industry, and revenue management system is suitable to them. This paper develops the ways to apply the revenue management concept to ISP business.

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Revenue Management Model for Internet Access Service (인터넷 접속서비스 사업의 수익관리모형에 관한 연구)

  • 윤문길;이필환
    • Korean Management Science Review
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    • v.19 no.1
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    • pp.143-162
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    • 2002
  • The concept of revenue management have been used widely In the hotel and all transportation industries, and considered as a good system for managing a perishable asset. Recently, its' application area is being increasingly expanded to service industries such as the travel, the railway, the Internet and the sport industries. Internet business can be classified into several groups according to the characteristics of the individual business. One of groups is Internet Access Servoce business which connects each users to the internet. In this paper, since internet Access Services (IAS) business has a similar property to the service Industry, we will apply a revenue management concept to It. With some modification of existing model developed by Subramanian et.al. for airlines, we suggest the revenue management model being applied to IAS business. Computational experiment shows that the Increase of the revenue Is up to 7% by appluing our model. It means our model has a potential to manage IAS business effectively.

A Study to improve old water supply facilities in Airforce Base through the Smart Water management vs WASCO Project (스마트 물관리 시스템과 WASCO 사업을 통한 공군기지 노후 상수도 개선사업의 실증 연구)

  • Park, Sung-Su;Kim, Chang-Eun
    • Journal of the Korea Safety Management & Science
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    • v.22 no.4
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    • pp.53-64
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    • 2020
  • The purpose of this study is to analyze outcome of the project to improve old water supply facilities in Airforce Base to improve water revenue rate. To achieve the objective of this study, First, literature review is conducted to clearly define the concept of water revenue rate improve project. Second, WASCO project on 2 Airforce base review and smart water management pilot project on 1 Airforce base is conducted. Third, economical analysis of project is conducted to examine the outcome. As a result, WASCO and smart water management pilot project on Airforce base was effective to improve water revenue rate. Finally, the improvements were suggested after investigating the key factors on water revenue rate improve project. In the future, this study will be used as a baseline for developing water revenue rate improve project.

Overview of Airline Revenue Management Models (항공산업의 수익관리모형에 대한 조사연구)

  • Lee, Gwang-Ryeol;Hong, Gi-Seong
    • Proceedings of the Korean Society for Quality Management Conference
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    • 2007.04a
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    • pp.503-508
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    • 2007
  • The practice of revenue management has become increasingly important in a number of industries, notably in the airline, hotel, and rental car industries. A common interest of these industries is to maximize their revenue by developing a variety of products from perishable and limited resources over a finite time horizon. This paper provides review of revenue management models and classifies them with 2 different criteria. Finally, this paper concludes with several promising future research topics.

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A Strategy Based on Revenue Management for Revenue Increase in Hospital Health Promotion Center (수익경영 기반 종합건강검진센터 수익 증대 전략)

  • Han, Yun;Lee, Jae-June
    • Korea Journal of Hospital Management
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    • v.15 no.1
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    • pp.13-26
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    • 2010
  • A Health Promotion Center (HPC) whose capacity is partially idle causes inefficiency in resource usage of a country as well as the hospital itself. Meanwhile, Increased demand in HPC would lead to increased revenue for the HPC as well as reduced national expenditures on healthcare. We introduced a way to enhance revenue by Revenue Management (RM) on HPC services, in which demand forecasting and pricing strategies are considered. In addition, a real data analysis had been performed to evaluate the usefulness of the proposed approach.

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Factors Associated with Dental Revenue and Income of Self-Employed Dentist by Using a Quantile Regression Method (분위회귀분석을 이용한 개업 치과의사의 의료수익과 소득에 미치는 요인)

  • Choi, Hyungkil;Kim, Myeng Ki
    • Health Policy and Management
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    • v.25 no.3
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    • pp.240-251
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    • 2015
  • Background: Dentist's income is quite variable. We investigate the factors underlying the distribution of dental revenue and dentist income. Methods: Financial and structural variables of private dental practices(N=13,967) were examined with 2010 Economic Census microdata which include non-insurance revenue. We conducted quantile regression method(QRM) and ordinary least square(OLS) in treating skewness and heteroskedasticity of distributions. The effective estimation for the upper and lower range of distribution becomes possible by QRM. Results: Mid-career dentists are shown to have higher revenue and income. Male dentists achieve the higher revenue and income than female dentists in all quantiles. Group practices show lower income per owner than solo practices significantly. The revenue and income are increased with increasing size of clinics. The high cost in renting the clinic office is found to have a big positive effect on the revenue but a little positive effect on the income. Interestingly the density of dentists shows negative effect on the lowest quantile of the revenue but positive effect on the highest quantile. The lowest quantile of the revenue in the capital areas have the relatively high revenue. The lowest quantile of the income in metropolitan city show higher income than those in other areas significantly. Conclusion: The suggested QRM is shown to have more effective and efficient tool in finding out determinants of dentists' revenue and income of our concern. The results of this study are expected to be employed for dentists preparing for the opening practices in their organizational settings and locational selections. The distributional efficiency of dental human resources could be accomplished if policy makers guide dentists with this knowledge.

Decentralized Supply Chain Coordination with Revenue Sharing Mechanism: Transfer Pricing Heuristics and Revenue Share Rates

  • Chen, Hung-Yi;Wu, Hsiao-Chung
    • Industrial Engineering and Management Systems
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    • v.8 no.4
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    • pp.213-220
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    • 2009
  • A revenue sharing contract is one of the mechanisms that coordinate decision makers in a decentralized supply chain toward the consensual goal. The transfer prices between different echelons in the supply chain influence the total supply chain profits. The study aims to explore various transfer pricing heuristics on the supply chain coordination in terms of the supply chain profits and their interactions with the revenue sharing rate. A model is proposed for formulating the collaborative production and distribution planning in a decentralized supply chain with the revenue sharing mechanism. Experiment results indicate that the transfer price and the revenue sharing rate affect significantly the coordination. Among the studied pricing heuristics, the variable-cost pricing method led to the best SC profits. Raising the revenue sharing rate reduced the SC profits no matter what heuristics were employed. Furthermore, the experiments provide us clues for finding the optimal transfer price for the supply chain.

Scheduling Algorithms for the Maximal Total Revenue on a Single Processor with Starting Time Penalty

  • Joo, Un-Gi
    • Management Science and Financial Engineering
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    • v.18 no.1
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    • pp.13-20
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    • 2012
  • This paper considers a revenue maximization problem on a single processor. Each job is identified as its processing time, initial reward, reward decreasing rate, and preferred start time. If the processor starts a job at time zero, revenue of the job is its initial reward. However, the revenue decreases linearly with the reward decreasing rate according to its processing start time till its preferred start time and finally its revenue is zero if it is started the processing after the preferred time. Our objective is to find the optimal sequence which maximizes the total revenue. For the problem, we characterize the optimal solution properties and prove the NP-hardness. Based upon the characterization, we develop a branch-and-bound algorithm for the optimal sequence and suggest five heuristic algorithms for efficient solutions. The numerical tests show that the characterized properties are useful for effective and efficient algorithms.

Design and Implementation Of Revenue Water Ratio Integrated Management System (유수율 통합 관리 시스템의 설계 및 구현)

  • Kim, Soo-yeong;Kang, Sin-cheon;Kim, Chang-seok;Jeong, Jong-in;Kim, Eui-jeong
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2017.05a
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    • pp.666-669
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    • 2017
  • We analyze the problems of the current system, develop and apply the revenue water ratio integration management system for problem solving, and present the analysis of the effect. It will contribute to the improvement of the revenue water ratio through systematic and efficient revenue water ratio management and reduction of the workload of the person in charge through the oil revenue water ratio integration system. It will contribute to the improvement of the revenue water ratio through systematic and efficient revenue water ratio management and reduction of the workload of the person in charge through the revenue water ratio integration system.

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An Investigation on the Mutual Effect between Tax Revenue and Economic Growth

  • He, Yugang
    • The Journal of Economics, Marketing and Management
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    • v.6 no.3
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    • pp.14-25
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    • 2018
  • Purpose - Taxes cover all aspects of society, especially in terms of resource allocation and economic growth. In reality, the tax revenue is often used to measure the quality of a country's economy. The relationship between tax revenue and economic growth has been paid much attention by academic circles. Due to this background, this paper attempts to investigate the mutual effect between tax revenue and economic growth. Research design, data, and Methodology - The annual datum form 1980 to 2017 are employed to conduct an empirical analysis under the vector error correction model. In this paper, the GDP is treated as an independent variable. The tax revenue is treated as a dependent variable. Furthermore, a menu of statistic approaches will be used to testify the mutual effect between tax revenue and economic growth. Results - Via the co-integration test, the results report that the tax revenue has a positive effect on economic growth in the long run. Through the vector error correction estimation, the results also report that the tax revenue also has a positive effect on economic growth in the short run. Conclusions - This paper provides a view that the tax revenue is a kind of a determinant to promote economic growth. Therefore, the China's government should pay much attention to the improvement of tax revenue system so as to maintain a high-speed economic growth.