While revenue management (RM) is traditionally considered a tool of service operations, RM shows considerable potential for application in manufacturing operations. The typical challenges in make-to-order manufacturing are fixed manufacturing capacities and a great variety in offered products,...

While revenue management (RM) is traditionally considered a tool of service operations, RM shows considerable potential for application in manufacturing operations. The typical challenges in make-to-order manufacturing are fixed manufacturing capacities and a great variety in offered products,...

While revenue management (RM) is traditionally considered a tool of service operations, RM shows considerable potential for application in manufacturing operations. The typical challenges in make-to-order manufacturing are fixed manufacturing capacities and a great variety in offered products,...

Consider a single-leg dynamic revenue management problem with fare classes controlled by capacity in a risk-averse setting. The revenue management strategy aims at limiting the down-side risk, and in particular, value-at-risk. A value-at-risk optimised policy offers an advantage when considering...

Today it is widely recognized that service operations research lags behind its manufacturingcounterpart (Heineke and Davis, 2006; Ellram, Tate and Billington, 2007; Metters andMarucheck, 2007). As Chase (2004) poignantly noted, “80% of the United States’ economyis in services, but 80% of operations...

Im Bereich des Schienengüterverkehrs spielt die betriebswirtschaftliche Zielsetzungder Leerfahrtenoptimierung im Sinne einer Reduktion von Leertonnenkilometern einebedeutende Rolle für die Effizienz des Verkehrsträgers. Potenziale zur weiteren Leerfahrtenoptimierunglassen sich insbesondere im...

Consider a risk-averse decision maker in the setting of a single-leg dynamic revenue management problem with revenue controlled by limiting capacity for a fixed set of prices. Instead of focussing on maximizing the expected revenue, the decision maker has the main objective of minimizing the...