Revenue management (RM) has been widely applied in capacity-constrained tourism industries to maximise revenue by effectively managing demand and capacity. To gain long-run profit, understanding customers' perceptions of RM practices is important. This study attempts to build a better...

Two auction mechanisms are studied in which players compete with one another for an exogenously determined prize by independently submitting integer bids in some discrete and commonly known strategy space specified by the auctioneer. In the unique lowest (highest) bid auction game, the winner of...

Two types of auction were introduced on the Internet a few years ago and have rapidly been gaining widespread popularity. In both auctions, players compete for an exogenously determined prize by independently choosing an integer in some finite and common strategy space specified by the...

This paper presents applications of the log-linear ROCOF and the power law process to model the failure rate and estimate the economically optimal replacement time of the individual pipes in a water distribution system. The performance of the two failure rate models is examined using the...

We consider the symmetry group inherent in two-dimensional triangle and honeycomb lattice systems. We find analytically and numerically the character of the reducible representation for the corresponding Fock space. Using the irreducible characters and the reducible character of the...