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Choice Based Revenue Management for Parallel Flights
Dai, J. - 2015
This paper describes a revenue management problem of a major airline that operates in a very competitive market … optimization problems to maximize the expected revenue for the airline. The inputs include models of booking arrival rates …, competitor assortment selection probabilities, customers' booking choices among the airline's own flights as well as competitors …
Persistent link: https://www.econbiz.de/10013034065
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Optimal fare price differentiation with demand leakage in airline industry
Raza, Syed Asif - In: International journal of revenue management : IJRM 8 (2014/2015) 2, pp. 99-129
Persistent link: https://www.econbiz.de/10011430479
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Traveler centric airline offer design and optimization
Boudia, Mourad; Mohamed, Suraj; Bondoux, Nicolas; … - In: Journal of revenue and pricing management 20 (2021) 6, pp. 634-645
Persistent link: https://www.econbiz.de/10012659734
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Decomposition of optimal dynamic portfolio choice with wealth-dependent utilities in incomplete markets
Li, Chenxu; Scaillet, Olivier; Shen, Yiwen - 2020
This paper provides a novel five-component decomposition of optimal dynamic portfolio choice. It reveals the simultaneous impacts from market incompleteness and wealth-dependent utilities. The decomposition leads to implementation via either closed-form solutions or Monte Carlo simulations. With...
Persistent link: https://www.econbiz.de/10012219152
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Revenue Management in a Multi-Stage Make-to-Order Production System
Guhlich, Hendrik - 2016
In the present paper, we consider the demand management decisions of a manufacturer facing stochastic demand. While in the previous literature, either the order release decisions are fixed upon arrival or a single-stage production environment is assumed, we make online order acceptance and order...
Persistent link: https://www.econbiz.de/10013000905
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A Survey on Risk-Averse and Robust Revenue Management
Gönsch, Jochen - 2018
considered in theory and practice are based on two assumptions. First, demand – as the only uncertain variable – follows a known …
Persistent link: https://www.econbiz.de/10012933905
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On State-Independent Policies in Network Revenue Management
Janakiraman, Ganesh; Dawande, Milind; Manchiraju, … - 2021
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...
Persistent link: https://www.econbiz.de/10013231508
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Mathematical Programming for Network Revenue Management Revisited
De Boer, Sanne; Freling, Richard; Piersma, Nanda - 2014
Mathematical programming models for airline seat inventory control provide booking limits and bid-prices for all … itineraries and fare classes. E.L. Williamson [Airline network seat inventory control: methodologies and revenue impacts, Ph …
Persistent link: https://www.econbiz.de/10014148097
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Cargo Revenue Management : Bid-Prices for a 0-1 Multi Knapsack Problem
Pak, Kevin; Dekker, Rommert - 2010
Revenue management is the practice of selecting those customers that generate the maximum revenue from a fixed and perishable capacity. Cargo revenue management differs from the well-known passenger revenue management problem by the fact that its capacity constraint is 2-dimensional, i.e. weight...
Persistent link: https://www.econbiz.de/10014069563
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Financial markets with volatility uncertainty
Vorbrink, Jörg - 2010
We investigate financial markets under model risk caused by uncertain volatilities. For this purpose we consider a financial market that features volatility uncertainty. To have a mathematical consistent framework we use the notion of G-expectation and its corresponding G-Brownian motion...
Persistent link: https://www.econbiz.de/10008746123