Research And Development On Revenue Management Forecasting System

Revenue management is a new technology to maximize the revenue ofairlines. The building of forecasting system of revenue management (FSRM)for domestic airlines is reported in this paper. The structure of this paper can be shown as follows. The history ofrevenue management and the present status and developing process of FSRMhave been introduced in Chapter 1. In Chapter 2, the data samplingresolution is put forward by the analysis of data requirement for FSRMcombined with some practical situations in internal airlines. Moreover,the data warehouse for FSRM is built in Chapter3 on the basis of thestudies in Chapter 2, which provides fine data support for FSRM. At thelast chapter, a FSRM has been successfully developed and also verifiedwith the data of flight sales from Shenzhen to Beijing. It is proved that revenue management data warehouse can provideeffective data support for FSRM through substantial analysis, which ismore accurate and practical than present system and is helpful andvaluable for constructing revenue management system in China.