𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Risk in Revenue Management and Dynamic Pricing

✍ Scribed by Levin, Y.; McGill, J.; Nediak, M.

Book ID
115488691
Publisher
INFORMS
Year
2008
Tongue
English
Weight
355 KB
Volume
56
Category
Article
ISSN
0030-364X

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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