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Chen, Lu; Singh, Vijay P; Guo, Shenglian - 2011

that the Student copula was more appropriate for drought analysis in the selected area. Drought probabilities and return … periods were calculated and analyzed based on the four-dimensional copula. …

Persistent link: https://www.econbiz.de/10009430735

Revenue Management as a Multi-disciplinary Business Process

Buckhiester, Bonnie - 2011

In today’s volatile markets, with consumer buying behavior evolving rapidly, rudimentary revenue management practices are no longer sufficient. Given the complexity of demand patterns in today’s markets, optimal demand management is achieved only with a totally holistic approach. This means...

Persistent link: https://www.econbiz.de/10009467806

REVENUE MANAGEMENT AND PERCEPTIONS OF FAIRNESS

Choi, ChoongBeom - 2010

In revenue management practice, the issue of perceived fairness is a serious concern, because revenue management applies different prices for basically the same service. The purpose of this study is to examine the effect of hotel revenue management pricing on customers’ perceptions of...

Persistent link: https://www.econbiz.de/10009467953

On the Role of Negotiation in Revenue Management and Supply Chain.

Kuo, Chia-Wei - 2008

For many products such as cars, electronic appliances and furniture, the price that a customer pays is negotiated from the posted price. In such transactions, negotiation plays an important role in determining whether a customer purchases, and if so, at what price. A retailer may adopt...

Persistent link: https://www.econbiz.de/10009476556

Game Theoretic Approach to Supply Chain Management

Dai, Yue - 2003

This dissertation studies the competitive behavior of firms in supply chain management and revenue management contexts. A game theoretic approach is employed. We analyze capacity allocation and pricing strategies and derive equilibrium solutions for multiple competing firms. We also study...

Persistent link: https://www.econbiz.de/10009431209

Impact of Hotel Discount Strategies on Consumers’ Emotion and Behavior in the Presence of High and Low Involvement Consumers

Lee, Seung Hyun; Bai, Billy - 2011

While hotels come up with various discount strategies to attract consumers, especially during a recession, both hotels and consumers seem to favor dynamic pricing. Previous studies also indicated that price discounts give consumers not only monetary benefits but also positive emotional...

Persistent link: https://www.econbiz.de/10009467918

Price Promotions and Brand Loyalty: Empirical Evidence for the German Breakfast Cereals Market

Empen, Janine; Loy, Jens-Peter; Weiss, Christoph R. - 2011

Price promotions are important marketing activities for (food) retailers; brand loyalty is a major requisite to foster brands' assets. Several theoretical papers have analyzed the relationship between price promotions and brand loyalty resulting in mixed or perhaps contradictory outcomes; only a...

Persistent link: https://www.econbiz.de/10009446177

Modeling Dependence in the Design of Whole Farm---A Copula-Based Model Approach

Zhu, Ying; Ghosh, Sujit K.; Goodwin, Barry K. - 2008

preserves a given set of marginals, a copula approach can be used to characterize the joint yield and price risk of corn and … soybeans, which are usually highly correlated. The copula approach has been spurred by the recent developments in the whole …. As a part of the study, various copula models are investigated for their suitability in modeling yield and price risks …

Persistent link: https://www.econbiz.de/10009443274

Modelling farm production risk with copulae instead of correlations

Schulte-Geers, Matthias; Berg, Ernst - 2011

. In financial science, copula functions are frequently used insteadof correlation coefficients to model joint price … less use of thismethod. This research uses the concept of “partly nested Archimedean copula” to model therelationship …

Persistent link: https://www.econbiz.de/10009443376

Semiparametric Inference for Surrogate Endpoints with Bivariate Censored Data

Ghosh, Debashis - 2008

Considerable attention has been recently paid to the use of surrogate endpoints in clinical research. We deal with the situation where the two endpoints are both right censored. While proportional hazards analyses are typically used for this setting, their use leads to several complications. In...

Persistent link: https://www.econbiz.de/10009477556