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On Bounds for Network Revenue Management
Talluri, Kalyan - 2009
) model, both of which give upper bounds on the optimal solution value. These bounds are used to provide control values that … proposed alternate upper bounds and showed that their bounds are tighter than the DLP bound. Tight bounds are of great interest … as it appears from empirical studies and practical experience that models that give tighter bounds also lead to better …
Persistent link: https://www.econbiz.de/10014219534
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A finite-population revenue management model and a risk-ratio procedure for the joint estimation of population size and parameters
Talluri, Kalyan - Department of Economics and Business, Universitat … - 2009
Many dynamic revenue management models divide the sale period into a finite number of periods T and assume, invoking a fine-enough grid of time, that each period sees at most one booking request. These Poisson-type assumptions restrict the variability of the demand in the model, but researchers...
Persistent link: https://www.econbiz.de/10005772466
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The customer valuations game as a basis for revenue management
Talluri, Kalyan - Department of Economics and Business, Universitat … - 2008
I describe the customer valuations game, a simple intuitive game that can serve as a foundation for teaching revenue management. The game requires little or no preparation, props or software, takes around two hours (and hence can be finished in one session), and illustrates the formation of...
Persistent link: https://www.econbiz.de/10005772556
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On the Incorporation of Upgrades into Airline Network Revenue Management
Gönsch, Jochen - 2015
Recently, the standard dynamic programming model of network revenue management has been extended for integrated upgrade decision-making. However, opposed to the original model, heuristically breaking the extended model down into a series of single-leg problems by dynamic programming...
Persistent link: https://www.econbiz.de/10013035570
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Using Dynamic Programming Decomposition for Revenue Management with Opaque Products
Gönsch, Jochen; Steinhardt, Claudius - 2015
Opaque products enable service providers to hide specific characteristics of their service fulfillment from the customer until after purchase. Prominent examples include internet-based service providers selling airline tickets without defining details, such as departure time or operating...
Persistent link: https://www.econbiz.de/10014197142
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Dynamic price competition with fixed capacities
Talluri, Kalyan; Albéniz, Víctor Martínez de - Department of Economics and Business, Universitat … - 2010
Many revenue management (RM) industries are characterized by (a) fixed capacities in the short term (e.g., hotel rooms, seats on an airline flight), (b) homogeneous products (e.g., two airline flights between the same cities at similar times), and (c) customer purchasing decisions largely...
Persistent link: https://www.econbiz.de/10008529186
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A Finite-Population Revenue Management Model and a Risk-Ratio Procedure for the Joint Estimation of Population Size and Parameters
Talluri, Kalyan T. - 2009
Many dynamic revenue management models divide the sale period into a finite number of periods T and assume, invoking a fine-enough grid of time, that each period sees at most one booking request. These Poisson-type assumptions restrict the variability of the demand in the model, but researchers...
Persistent link: https://www.econbiz.de/10012718133
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On the tractability of the piecewise-linear approximation for general discrete-choice network revenue management
Kunnumkal, Sumit; Talluri, Kalyan - Department of Economics and Business, Universitat … - 2014
piecewise-linear bounds is within a factor of at most 2. We then show that the piecewiselinear approximation is polynomially …
Persistent link: https://www.econbiz.de/10010849604
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A new compact linear programming formulation for choice network revenue management
Kunnumkal, Sumit; Talluri, Kalyan - Department of Economics and Business, Universitat … - 2012
. Finally we perform extensive numerical comparisons on the various bounds to evaluate their performance. …
Persistent link: https://www.econbiz.de/10010849611
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A New Compact Linear Programming Formulation for Choice Network Revenue Management
Kunnumkal, Summit; Talluri, Kalyan - Barcelona Graduate School of Economics (Barcelona GSE) - 2012
. Finally we perform extensive numerical comparisons on the various bounds to evaluate their performance. …
Persistent link: https://www.econbiz.de/10010851338