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Demand management is a planning methodology used to forecast, plan for and manage the demand for products and services. This can be at macro-levels as in economics and at micro-levels within individual organizations. For example, at macro-levels, a government may influence interest rates to regulate financial demand. At the micro-level, a ...
Transportation demand management or travel demand management (TDM) is the application of strategies and policies to increase the efficiency of transportation systems, that reduce travel demand, or to redistribute this demand in space or in time.
Energy demand management, also known as demand-side management (DSM) or demand-side response (DSR), [1] is the modification of consumer demand for energy through various methods such as financial incentives [2] and behavioral change through education.
Demand is always expressed in relation to a particular price and a particular time period since demand is a flow concept. Flow is any variable which is expressed per unit of time. Demand thus does not refer to a single isolated purchase, but a continuous flow of purchases. [2]
Demand is not a controllable factor; under every situation in different industries, varying demand situations might be encountered. Through demand management it is possible to manipulate the demand in your favor. Most organizations in the beginning face varying demand situations which may not even be favorable to them.
Getty Images April is Financial Literacy Month, and our goal is to help you raise your money IQ. In this series, we'll tackle key economic concepts -- ones that affect your everyday finances and ...
In many applications demand management is also increasingly about reducing or moderating demand (e.g. water, energy, acute clinical health services, etc.). In energy demand management, for example, the offer of cheaper off-peak energy tariffs is a common method for shifting energy demand away from peak periods and towards periods when there is ...
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