Easyjet

easyJet? Airlines: Sm wholly, Lean, and with Prices that Increase over Time Oded Koenigsberg Columbia task organization educate Columbia University, modern York, NY 10027 ok2018@columbia.edu Eitan Muller Leon Recanati alumnus School of Business Administration Tel Aviv University, Tel Aviv, Israel 69978 muller@post.tau.ac.il Naufel J. Vilcassim capital of the coupled Kingdom Business School capital of the United Kingdom, England NW1 4SA nvilcassim@london.edu Centre for Marketing work Paper No. 04-904 February 2004 Revised kinsfolk 2004 We be delicious to Stellios Haji-Ioannou, and to John Stephenson, and Ben Meyer at easyJet for making the selective information for sale for analysis, and to Asim Ansari, Don Lehmann, Rajeev Tyagi, the editor and two reviewers for thoughtful comments and suggestions. The authors would in do-gooder like to thank Hernan Bruno for his excellent research assistance. ? easyJet is a registered trademark. London Bu siness School, Regents Park, London NW1 4SA, U.K. Tel: +44 (0)20 7262-5050 Fax: +44 (0)20 7724-1145 hypertext vary protocol://www.london.edu/Marketing Copyright © London Business School 2004 easyJet?Airlines: Small, Lean, and with Prices that Increase over Time Abstract easyJet® Airlines, which has emerged as virtuoso of Europes most self-made low-cost, shorthaul airlines, has a straightforward price structure. For a given flight, all prices are quoted oneway, a single price prevails at whatever point, and in general, prices are low early on and outgrowth as the exit date approaches. In this paper, we examine the optimality of this determine scheme and see the factors that determine how the price should change over time by building a model of dynamic pricing that incorporates have uncertainty. We find that while a pricing strategy such(prenominal) as easyJets is indeed profit-maximizing, the magnitude of the increase in price from the first date of seat gross sales to the departure time is dep! endent upon the capacity of available seating between the given city pair, and varies inversely with it. We examine...If you want to blend in a full essay, order it on our website: BestEssayCheap.com

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