Airline seat allocation with multiple nested fare classes
Operations Research
An Analysis of Bid-Price Controls for Network Revenue Management
Management Science
A Randomized Linear Programming Method for Computing Network Bid Prices
Transportation Science
Overbooking with Substitutable Inventory Classes
Operations Research
Simulation-Based Booking Limits for Airline Revenue Management
Operations Research
Revenue Management with Limited Demand Information
Management Science
Computing Virtual Nesting Controls for Network Revenue Management Under Customer Choice Behavior
Manufacturing & Service Operations Management
Hi-index | 0.00 |
Revenue management is the collection of strategies and tactics firms use to scientifically manage demand for their products and services. The practice has grown from its origins in airlines to its status today as a mainstream business practice in a wide range of industry areas, including hospitality, energy, fashion retail, and manufacturing. This article provides an introduction to this increasingly important subfield of operations research, with an emphasis on use of simulation. Some of the contents are based on excerpts from the book The Theory and Practice of Revenue Management (Talluri and van Ryzin 2004a), written by the first two authors of this article.