Revenue management (RM) problems with full probabilistic information are well studied. However, as RM practice spreads to new businesses and industries, there are more and more applications where no or only limited information is available. In that respect, it is highly desirable to develop...

We consider a dynamic, stochastic extension to the transportation problem. For the deterministic problem, there are known necessary and sufficient conditions under which a greedy algorithm achieves the optimal solution. We define a distribution-free type of optimality and provide analogous...

Revenue management (RM) is one area of research and practice that has gained significant attention in the past decade. The practice originated in the airline industry, where the idea was to maximize revenues obtained from a fixed amount of resources through differentiation/segmentation and...