Archive for November 2013
Decision Support should *not* be a “Black Box”
Usually when I meet people who ask me what business I’m in, I tell them that I build mathematical models to be incorporated in decision support tools that enable companies to make better decisions. They then often reply, “oh, you build those black boxes???” Last Friday night when my wife and I went out to…
Read MoreThose Darn Change Fees…
The Washington Post recently published an interesting story about change fees and their impacts on customer behavior. Veritec’s President, Warren Lieberman, was interviewed regarding the impact of such fees on airline yield management systems. An airline representative quoted in the story notes that no-shows can negatively affect revenues. But, as noted by one passenger, when…
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