Paper Details

A lot of industries now-a-days provide services using perishable commodities. A perishable commodity is onewhich when goes unused incurs heavy losses, on the contrary if used to full efficiency can lead to huge profits. VariousIndustries which use perishable inventories are airlines, Hotels, Movie Theatres etc.On the basis of a recent survey it was accounted that between January to June 2015 domestic airlines in India had7,584,088 vacant seats. Even if they had been sold out for Rs 2500 per seat airlines could have made 18,960 millionIndian Rupees. The proposed solution to solve this problem is Yield Management. Yield management is a variablepricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenueor profits from a fixed, perishable resource. Along with this the concept of Dynamic Pricing is also used.For developing the front end Basic JavaScript, HTML, Ajax, Spring Framework and Play Framework has been used.Java Script and HTML have been used to create forms. Spring is used to develop a Java Web Application on top of theJava Eclipse EE Platform. Also, Play framework has been used to optimize developer productivity by using conventionover configuration, hot code reloading and display of errors in the browser.For the payment portal payment gateway has been used. SMS service is provided using SMS gateway. The YieldManagement algorithm has been modified to incorporate the dynamic pricing feature. for the backend ORM has beenused. For Version Control GIT has been used. Amazon Aws is used for hosting and Tomcat for making server.

Ankit Verma, Paritosh Mankoti, Utlesh Singh, Pintu Jat, “Computer Implemented Method to Manage the Load of Industries with Perishable Inventories”, International Journal of Advance Engineering and Research Development (IJAERD), Vol. 3, Issue 3, pp. 89-93, March 2016.