A flexible model for the pricing of perishable assets

We present a flexible and versatile model which addresses the problem of assigning optimal prices to assets whose value becomes zero after a fixed expiry date. (Such assets include the important example of seats on airline flights.) Our model is broad in scope, in particular encompassing the ability to deal with arrivals of customers in groups. It is highly adaptable and can be adjusted to deal with a very extensive set of circumstances.

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Year of publication:	2012
Authors:	Banerjee, Pradeep K. ; Turner, T. Rolf
Published in:	Omega. - Elsevier, ISSN 0305-0483. - Vol. 40.2012, 5, p. 533-540
Publisher:	Elsevier
Subject:	Air transport \| Probability

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010573959