Internal Code: 1AJJFF
Report Writing Assignment
Task:
The primary objective of this report is to develop an innovative pricing model or strategy, specific to the aviation industry for a new start up that is going to sell a software. The software is unique is based on machine learning and artificial intelligence. This software has no competition on the market. The software will help to dramatically reduce the maintenance cost and effectively manages the data analytics for both airlines and airplane engine manufactories. The cost of running this software is $90,000.00 per engine every year. The following pricing model: Price for the software ( per annum)= $90,000.00 + % percentage from saving on maintenance and other costs that software generates.To expand the analysis of this pricing model and provide another two more options for INNOVATIVE pricing model. APA referencing style. No need for executive summary. Just want to make sure you have all information needed. So this report is for a new start up company that specialises in data analytics and has developed a software suing machine learning and Artificial intelligence for aviation industry, particularly for airplane engines. This software reduces the maintance cost associated with the engine maintenance. The aim of this report is to provide 3 innovative pricing models ( one is already provided, but needs to be analysed and summarised) for this start up to charge its potential customers. ( whether it would an engine manufacturer or airline or both).