1. A vessel's small boat moved
by one oar.
2. A small sailboat rigged fore-and-aft, with a short
mizzenmast astern of the cockpit - distinguished from ketch.
The process of maximising the
contribution of every slot, vessel, trade and network.
Basically it should be seen as the process of allocating the
right type of capacity to the right kind of customer at the
right price as to maximise revenue or yield.
The concept should be used in combination with load factor
management.