Revenue Management - The Revenue Management Levers

The Revenue Management Levers

Whereas yield management involves specific actions to generate yield through perishable inventory management, Revenue Management encompasses a wide range of opportunities to increase revenue. A company can utilize these different categories like a series of levers in the sense that all are usually available, but only one or two may drive revenue in a given situation. The primary levers are:

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Famous quotes containing the words revenue, management and/or levers:

    Happy are those who find wisdom, and those who get understanding, for her income is better than silver, and her revenue better than gold. She is more precious than jewels, and nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are ways of pleasantness, and all her paths are peace. She is a tree of life to those who lay hold of her; those who hold her fast are called happy.
    Bible: Hebrew, Proverbs 3:13-18.

    The care of a house, the conduct of a home, the management of children, the instruction and government of servants, are as deserving of scientific treatment and scientific professors and lectureships as are the care of farms, the management of manure and crops, and the raising and care of stock.
    Catherine E. Beecher (1800–1878)

    Certain anthropologists hold that man, having discovered tools, ceased to evolve biologically. Animals, never having discovered them, continue to fashion drills out of their beaks, oars out of their hind feet, wings out of their forefeet, suits of armor out of their hides, levers out of their horns, saws out of their teeth. Whether this be true or not, all authorities agree that man is the tool-using animal. It sets him off from the rest of the animal kingdom as drastically as does speech.
    Stuart Chase (1888–1985)