An Analysis of Bid-Price Controls for Network Revenue Management

Bid-prices are becoming an increasingly popular method for controlling the sale of inventory in revenue management applications. In this form of control, threshold—or "bid"—prices are set for the resources or units of inventory (seats on flight legs, hotel rooms on specific dates, etc.) an...

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Veröffentlicht in:	Management science 1998-11, Vol.44 (11-Part-1), p.1577-1593
Hauptverfasser:	Talluri, Kalyan, van Ryzin, Garrett
Format:	Artikel
Sprache:	eng
Schlagworte:	Air fares Air transportation and traffic Airlines Applied sciences Approximation Asymptotic Analysis Bid Prices Bids Determinism Dynamic Programming Exact sciences and technology Flows in networks. Combinatorial problems Ground, air and sea transportation, marine construction Heuristic Heuristics Inventory Inventory control Mathematical models Mathematical programming Modeling Operational research and scientific management Operational research. Management science Opportunity costs Optimal policy Optimality Optimization Overbooking Price regulations Prices Revenue Revenue Management Stochastic models Studies Wage & price controls Yield Management
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