We consider a discrete-time supply chain for perishable goods having separate demand streams for items of different ages. For a good that has two periods of lifetime, we build a model that generalizes and/or subsumes many of the models in the literature and study the effectiveness of two...

In this paper, we consider the classical multifare, single-resource (leg) problem in revenue management for the case where demand information is limited. Our approach employs a competitive analysis, which guarantees a certain performance level under all possible demand scenarios. The only...

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...

We consider a discrete-time inventory system for a perishable product where demand exists for product of different ages; an example of such a product is blood platelets. In addition to the classical costs for inventory holding, outdating, and shortage, our model includes substitution (mismatch)...