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spare parts. Reselling a refurbished unit typically yields higher unit margins. However, demand is uncertain. A common … disposition decision which explicitly incorporates demand uncertainty can increase profits significantly. We discuss analogies …
Persistent link: https://www.econbiz.de/10011204311
levers at their disposal for actively steering demand, notably the offered delivery time windows and their associated prices …. Unlike traditional revenue management, these demand management decisions affect both revenues and costs. This calls for a …
Persistent link: https://www.econbiz.de/10011204313
captures a price/demand effect as well as a stockpiling/consumption effect – price and market stockpile influence demand …, demand influences consumption, and consumption influences the market stockpile. The decision variable is the unit sales price … periods. Traditional operations models typically assume exogenous demand, thereby ignoring some of the market dynamics. Herein …
Persistent link: https://www.econbiz.de/10011204320
Recent years have seen great successes of revenue management, notably in the airline, hotel, and car rental business. Currently, an increasing number of industries, including manufacturers and retailers, are exploring ways to adopt similar concepts. Software companies are taking an active role...
Persistent link: https://www.econbiz.de/10011204321
a mid-term level, based on aggregated demand forecasts. In the short term, acceptance decisions about incoming orders …
Persistent link: https://www.econbiz.de/10011204322
demand pattern at hand. We show how to incorporate the shifting capacity opportunity into a dynamic, network-based revenue …
Persistent link: https://www.econbiz.de/10010731248
With the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus...
Persistent link: https://www.econbiz.de/10010731454
Abstract This paper studies decision rules for accepting reservations for stays in a hotel based on deterministic and stochastic mathematical programming techniques. Booking control strategies are constructed that include ideas for nesting, booking limits and bid prices. We allow for multiple...
Persistent link: https://www.econbiz.de/10010731519
-price acceptance policy is asymptotically optimal if demand and capacity increase proportionally and the bid-prices are set correctly …
Persistent link: https://www.econbiz.de/10010837505
contract theoretic perspectives. …
Persistent link: https://www.econbiz.de/10010731162