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Printable Handouts
Navigable Slide Index
- Introduction
- Talk outline
- Background
- Terminology - unit
- Terminology - lease
- Terminology - rent
- Terminology - base effect rate
- Rent setting approaches
- Fair housing law
- Traditional approaches for rent setting
- Cost-based and occupancy-oriented methods
- Competitor-responded method
- Drawbacks to the traditional approaches
- An alternative approach for rent setting
- Characteristics of apartment firms
- Comparison with hotels - similarities (1)
- Comparison with hotels - similarities (2)
- Comparison with hotels - differences (1)
- Comparison with hotels - differences (2)
- Modeling challenges
- Apartment revenue management - outline
- Apartment revenue management - objective
- Methodology (1)
- The five variables (1)
- The five variables (2)
- Methodology (2)
- Mathematical model - objectives
- Mathematical model - supply constraint
- Mathematical model - demand constraint
- Mathematical optimization model - summary
- Illustration of the optimization model
- Procedure for optimal rent setting
- Data aggregation
- Data dimensions and transaction data
- Aggregated data
- Estimation of demand and rent relationship
- Estimate demand and rent relationship - example
- Forecast demand
- Issues in forecast demand
- How to solve forecast demand issues?
- Price elasticity factor - example
- Forecast supply
- Reference rents estimation - approaches (1)
- Reference rents estimation - approaches (2)
- Principle indicators
- Indicator usage - example
- Rent optimization
- Setting optimal rents - case study
- Case study - supply forecast
- Case study - demand forecast
- Case study - optimal rents
- Case study - optimal units
- Benefits to setting optimal rents
- Acknowledgement
Topics Covered
- Apartment industry represents a new frontier for pricing and revenue management
- An introduction to the traditional rental settings
- Analysis in the form of comparison between hotel and apartment firms
- Step-by-step methodology of setting optimal rents
- A real case study
Talk Citation
Wang, J. (2009, October 28). Setting optimal rents for apartment firms [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved August 31, 2024, from https://doi.org/10.69645/BHSC7525.Export Citation (RIS)