An Overview of Pricing Models for Revenue Management
✍ Scribed by Bitran, Gabriel; Caldentey, René
- Book ID
- 118124626
- Publisher
- INFORMS
- Year
- 2003
- Tongue
- English
- Weight
- 321 KB
- Volume
- 5
- Category
- Article
- ISSN
- 1523-4614
No coin nor oath required. For personal study only.
📜 SIMILAR VOLUMES
This article develops a continuous-time dynamic pricing model for two competitive flights with stochastic control theory and game theory. Two price levels are taken into account for each flight. The condition of the equilibrium solution is derived. Solutions and corresponding properties are discusse
## Abstract Many revenue management problems have a network aspect. In this paper, we argue that a network can be thought of as a system of substitutable and complementary products, and the value of a revenue management model should be supermodular or submodular in the availability of two resources