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              Printable Handouts
Navigable Slide Index
- Introduction
 - What is revenue management?
 - Time-perishable inventory
 - Time-variable demand
 - Revenue management strategies
 - Revenue management focus
 - Restaurant revenue management
 - Menu pricing approaches
 - RM-driven menu pricing
 - Importance of menu pricing
 - Are we charging the optimal price?
 - A pricing experiment result
 - Cautionary questions for the experiment
 - Menu re-engineering (1)
 - Menu re-engineering (2)
 - Menu re-engineering (3)
 - What should be the menu of the day?
 - Variable pricing in a pizza parlor
 - Pricing to stimulate demand
 - Profit impact of discounting
 - Significant value to customers but low cost
 - Is this an effective incentive - free appetizer
 - Is this an effective incentive - early birds
 - What would you do?
 - Selling strategy
 - Should i promote desserts or not?
 - What do restaurants sell?
 - Summary
 - Thank you
 
Topics Covered
- What is revenue management?
 - Time perishable inventory
 - Time variable demand
 - Revenue management strategies
 - Menu pricing approaches
 - Are we charging the optimal price?
 - Menu re-engineering
 - What should be the menu of the day?
 - Pricing to stimulate demand
 - Profit impact of discounting
 - Selling strategy
 - What do restaurants sell?
 
Links
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Talk Citation
Choi, S. (2009, October 28). Practical pricing and the restaurant industry [Video file]. In The Business & Management Collection, Henry Stewart Talks. Retrieved November 4, 2025, from https://doi.org/10.69645/AQVJ2523.Export Citation (RIS)