An integrated inventory system for perishable goods with backordering
Computers and Industrial Engineering
Airline Yield Management with Overbooking, Cancellations, and No-Shows
Transportation Science
Dynamic Pricing in Airline Seat Management for Flights with Multiple Flight Legs
Transportation Science
Revenue Management: Research Overview and Prospects
Transportation Science
Research Note: Overselling with Opportunistic Cancellations
Marketing Science
The Benefits of Advance Booking Discount Programs: Model and Analysis
Management Science
Advance Booking Discount Programs Under Retail Competition
Management Science
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This paper deals with the simultaneous determination of initial sales price, secondary sales price and resource capacity needed to be rented in a service rental system. It is assumed that demands are price and waiting time dependent. A deterministic model is developed for establishing the above-mentioned decisions. Analytical results show that optimal solutions can be found as a closed form formulation when the times to change sales prices are exogenous variables. In addition, we found sufficient conditions for optimization in the case where the times to change sales price are decision variables.