Constrained Capacity: fixed inventory (or resources) available for sale
Perishability: revenue producing potential of inventory (or resources) diminishes rapidly or instantly
Customer Segmentation: different customers are willing to pay different prices
Predictability: ability exists to forecast demand for future points in time
Given the above set of criteria, it is easy to comprehend how revenue management principles can apply in a variety of settings including, parking lots, apartment housing, advertising, restaurants, golf courses, spas and even surgery centers