On the structural properties of a discrete-time single product revenue management problem

  • Authors:
  • Seray AydıN;YalçıN AkçAy;Fikri Karaesmen

  • Affiliations:
  • Department of Industrial Engineering, Koç University, Istanbul, Turkey;College of Business Administration and Economics, Koç University, Istanbul, Turkey;Department of Industrial Engineering, Koç University, Istanbul, Turkey

  • Venue:
  • Operations Research Letters
  • Year:
  • 2009

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Abstract

We consider a multi-period revenue management problem in which multiple classes of demand arrive over time for the common inventory. The demand classes are differentiated by their revenues and their arrival distributions. We investigate monotonicity properties of varying problem parameters on the optimal reward and the policy.