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The demand for air transport is largely determined by the spending capacity of customers. Thispaper aims to offer more …
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Frequency of services and vehicle size are important policyinstruments of railway companies. Extending Mohring's basic'square root model' for frequencies, we arrive at more generalformulations for frequency, vehicle size and price underalternative regimes of welfare and profit optimisation. It...
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In this paper an inventory model with several demand classes, prioritised according to importance, is analysed. We … consider a lot-for-lot or (S-1,S) inventory model with lost sales.For each demand class there is a critical stock level at and … below which demand from that class is not satisfied from stock on hand. In this way stock is retained to meet demand from …
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We formally link insurance markets with product markets and identify a demand effect of insurance: if risk …
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We analyse time-varying tolling in the stochastic bottleneck model with price-sensitive demand and uncertain capacity … proposed in previous literature. We also consider a uniform toll, which affects overall demand but not trip timing decisions … demand. These outcomes differ fundamentally from those found for first-best pricing in the deterministic bottleneck model …
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