Problem definition: We study the following seminal stochastic multiproduct dynamic-pricing problem, analyzed originally in Gallego and Van Ryzin (1997) – GVR, for short. A firm has a finite inventory of a set of resources needed to produce products that can be sold over a finite horizon. The...

Problem definition: Revenue management in railways distinguishes itself from that in traditional sectors such as airline, hotel, and fashion retail, in several important ways: (i) Capacity is substantially more flexible, in the sense that changes to the capacity of a train can often be made...

We study a multiproduct pricing problem in which the prices of the products are restricted to discrete and finite sets. The demand for a product is a function of the prices of all the products. The prices of the products can be changed through time, subject to the aggregate consumption of each...