Airport demand management strategies have the potential to mitigate congestion and delays. However, the extent to which the delays can be reduced using such strategies is not clear. In this paper, we develop a bound on the minimum possible level of delays that can be achieved using these...

This paper presents a modelling framework for Airline Competition Analysis and Demand Modelling (ACADM). The framework adopts a micro-simulation approach in which airline service capacity and passenger demand are represented at the finest disaggregate level. The main contribution of this...

This paper presents a modelling framework for Airline Competition Analysis and Demand Modelling (ACADM). The framework adopts a micro-simulation approach in which airline service capacity and passenger demand are represented at the finest disaggregate level. The main contribution of this...

Restaurant owners are always looking for new ways to increase profits. In this paper, we investigate the attitudes and perceptions of restaurant customers to locally produced food and their willingness to pay a premium. This study employs a field experiment conducted in a restaurant located on a...

Tools to restrict customer migration across segments are referred to as 'fences' in revenue management. However, most fences are not perfect and allow some degree of demand leakage from the high-priced market segment to the low-priced segment. In this paper, we lay out the theoretical foundation...

The last two decades have witnessed the successful application of revenue management (RM) strategies in many markets where the trading item is characterised by high perishability, as is the case with various types of service. Freight transportation service markets are a less-studied area in the...

We derive the optimal ratio between advertising and sales income when a publisher maximises its profits with respect to advertising space and product price. If consumers are more adverse towards advertising than towards price, the ratio is higher. The same theoretical framework is used to...