Capacity management is a key contributor to the success of any company. The tools and techniques that are used for capacity management within a service provider are completely different than a manufacturing-based environment as discussed here. In airline companies in specific, the relationship between supply and demand in addition to all the characteristics that shape … Continue reading How is Yield Management Implemented in Airline Industry?
Service capacity management is completely different than the manufacturing one due to different considerations as shown here. In the aviation industry for example, which has many stakeholders and players, each one has a different measure for capacity management as discussed here. For airliners in specific, capacity is measured by the number of available seats (Slack … Continue reading Yield Management in Airline Industry
An old anonymous quote says: "To most people, the sky is the limit, to those who love aviation the sky is the home". Professionals in the airline industry are inspired with endless prospects in the sky, but how far are they successful? In a study conducted by Coelli et al. (2002) based on 28 international … Continue reading Airline Companies: Supply- Demand Balance
In 1968, the American economist, Victor Fuchs, published a book called 'The Service Economy" which represented an early formulation of the service economy concept. According to him, USA was the first nation to grab the opportunities in the booming service sector (Zhou 2015, p.17). In 2014, service- related revenues contributed to 62.4% of the GDP … Continue reading Capacity Management in Service Companies
Following to the previous articles about the definition of strategic outsourcing here, the outsourcing decision process itself and its influencing factors here and finally, the difficulties and barriers for the outsourcing process here, this article will critically evaluate the related benefits and risks in the strategic outsourcing process through reviewing three case studies for real … Continue reading Strategic Outsourcing: Benefits and Risks
Previously, the strategic outsourcing process was defined in this article followed by a thorough illustration of the decision-making process itself in this article. This article will continue that discussion by illustrating the main difficulties that might extend the time and efforts needed to finish the process, or even the barriers that can make it impossible. … Continue reading Strategic Outsourcing’s Implementation: Difficulties and Barriers
Creating a competitive advantage is a vital aspect of any company's success which can be achieved by developing core competencies (David 2013, p.151). How do companies can develop and sustain that competitive advantage within with external changes in the business environment? Scholars have developed different arguments. On the first hand, companies can analyse the external … Continue reading Strategic Outsourcing: The Decision Process and the Influencing Factors