Summary of The Future of Pricing

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The Future of Pricing book summary
Start getting smarter:
or see our plans

Rating

9 Overall

8 Applicability

10 Innovation

9 Style


Recommendation

Sometimes the most obvious business practices are the most complicated – and the most interesting. This is the case with airline pricing, so E. Andrew Boyd has chosen a great topic. As an expert in the esoteric field of operations research, he has done business readers a great service by presenting the history, evolution, theory and practice of airline pricing, and by tracking how it revolutionized pricing in many other industries. Boyd weaves his personal stories and insights about mathematics, gambling and airline history into a very readable, high-level business book. While this is a seemingly esoteric topic, getAbstract highly recommends his book to those in the transportation, travel, tourism and restaurant businesses. It will be especially valuable to intrepid executives in other industries who want to push the frontiers of pricing based on the latest science about operations.

In this summary, you will learn

  • How the airline industry developed and uses scientific pricing;
  • What its benefits are; and
  • What operations research is and where it’s useful.
 

About the Author

E. Andrew Boyd is the chief scientist and senior vice president of a consultancy that works with leading companies on pricing issues. He holds a Ph.D. in operations research from the Massachusetts Institute of Technology.

 

Summary

What’s the Price?
Setting prices is not easy. While pricing can determine the success of any company, most managers worry more about pricing their goods than about their actual pricing philosophies and policies. Companies choose prices that factor in their margins over the cost of production...

More on this topic

Customers who read this summary also read

Why Airlines Sell More Seats Than They Have
Why Airlines Sell More Seats Than They Have
8
The Economics of Airline Class
The Economics of Airline Class
8
Is Emirates Airline Running Out of Sky?
Is Emirates Airline Running Out of Sky?
8
The American Retail Value Proposition
The American Retail Value Proposition
8
How Overnight Shipping Works
How Overnight Shipping Works
8
5 Consumer Trends for 2016
5 Consumer Trends for 2016
8

Related Channels

Comment on this summary