Interested in this College?
Get updates on Eligibility, Admission, Placements Fees Structure

Quick Facts

Medium Of Instructions	Mode Of Learning	Mode Of Delivery
English	Self Study, Virtual Classroom	Video and Text Based

Course Overview

Wharton's Revenue Analytics: Price Optimization online course is comprehensively designed to equip business professionals with the essential knowledge and skills to excel in revenue management and optimization. In the Revenue Analytics: Price Optimization certification by Emeritus, participants will dive into the world of data-driven decision-making, understanding how big data analytics is transforming revenue opportunities and leading to strategic business growth.

The Revenue Analytics: Price Optimization certification course offers practical experience in using various revenue management analytics techniques, enabling participants to tackle optimization challenges across diverse industries. By delving into statistical, optimization, and economic decision-making tools, participants learn to make informed business choices for maximising revenue and beating revenue goals.

The Highlights

Approx. 6 Weeks To Complete
Certification By the University of Pennsylvania
Excel Exercises
Industry Examples

Programme Offerings

Certification
Discussion Forum Live Lecture
Expert Faculty
Discussion
Excel Exercise
Industry Example
Knowledge Check
Live Office Hour
Reflection
Try-It Activity

Courses and Certificate Fees

Certificate Availability	Certificate Providing Authority
yes	The Wharton School, Philadelphia

The full Revenue Analytics: Price Optimization certification fees amount to US $ 2,314.

Revenue Analytics: Price Optimization fee structure

Course Name	Fee
Revenue Analytics: Price Optimization	US $ 2,314

Eligibility Criteria

Certification Qualifying Details

Upon successful completion of the Revenue Analytics: Price Optimization training, the Wharton School grants all participants a verified digital certificate of completion.

What you will learn

During Revenue Analytics: Price Optimization classes, participants will be able to:

Learn the history and evolution of revenue management practices and understand their applications in different business contexts.
Be able to estimate demand and willingness to pay, and use the results to implement optimised pricing strategies for maximising revenue.
Gain proficiency in overcoming typical estimation challenges, such as dealing with censored data, using statistical methods like maximum likelihood estimation.

Who it is for

EntrepreneurData AnalystBusiness AnalystRevenue Agent

The Revenue Analytics: Price Optimization certification syllabus is ideal for a wide range of professionals seeking to enhance their career prospects in revenue management and optimization. This course is particularly beneficial for individuals in the following career options or professions:

Admission Details

Follow the steps below to join the online course.

Step 1- Click on the link below: https://online-execed.wharton.upenn.edu/revenue-analytics

Step 2- Click on the “Apply Now” button.

Step 3- Fill in the basic details and then submit the form.

Step 4- A representative will contact you to begin the process of enrolment.

The Syllabus

Learn the history of revenue management practices
Become familiar with the definition of revenue management and its applications
Identify core concepts of revenue management analytics within an organization
Explore how price experimentation can help optimize expected revenue

Identify models for determining demand
Determine optimal price using distribution modeling
Learn how to make business decisions based on estimation data
Get hands-on experience in exercises focused on revenue management for hotel bookings

Learn how to solve the problems censored data can cause in revenue management practices
Gain skills in statistical techniques such as maximum likelihood estimation to estimate revenue with censored data
Explore best practices for overcoming estimation challenges

Explore the benefits of segmented and dynamic pricing
Gain expertise in segmented and dynamic pricing techniques to determine maximum revenue outcomes
Learn how to use the different techniques of dynamic pricing within an organization
Get hands-on experience in revenue management exercises featuring hotels and major airlines, along with professional baseball leagues and rideshare companies

Review the development of quantity-based revenue management as a predecessor of dynamic pricing
Use expected marginal seat revenue to estimate revenue for a network of resources
Gain insight into the applications of quantity-based revenue management in a variety of industries
Get hands-on experience in revenue management exercises featuring multiple types of airline bookings

Learn techniques to calculate revenue using overbooking techniques
Explore the use of auctions in a variety of settings
Gain understanding of the applications and benefits of two-sided platforms
Gain insight into the benefits of using various learning and earning techniques
Get hands-on experience in exercises featuring airline overbooking, auctions (digital advertising and certain commodities), and two-sided platforms such as Airbnb

Instructors

The Wharton School, Philadelphia Frequently Asked Questions (FAQ's)

1: Is the Revenue Analytics: Price Optimization online course suitable for beginners with no prior knowledge of revenue management?

Yes, the course is designed to provide a comprehensive introduction to revenue management concepts and techniques, making it suitable for beginners and experienced professionals alike.

2: What are the prerequisites for enrolling in the Revenue Analytics: Price Optimization online certification course?

There are no specific prerequisites for the course. However, a basic understanding of business concepts and familiarity with data analysis can be helpful.

3: Is the course entirely online, or are there any in-person sessions?

The course is entirely online, offering a flexible and self-paced learning experience. There are no in-person sessions.

4: How much time should I dedicate to the course per week?

The course is designed to require 4-6 hours of commitment per week. Participants can adjust their study schedule based on personal preferences.

5: What type of certificate will I receive upon completion of the course?

Upon successful completion of the programme, participants will receive a digital certificate from the Wharton School, validating their expertise in Revenue Analytics: Price Optimization.