Showing 1 - 10 of 29
We consider the problem of a firm selling multiple products that consume a single resource over a finite time period. The amount of the resource is exogenously fixed. We analyze the difference between a dynamic pricing policy and a list price capacity control policy. The dynamic pricing policy...
Persistent link: https://www.econbiz.de/10005006754
Consider a dynamic decision making model under risk with a fixed planning horizon, namely the dynamic capacity control model. The model describes a firm, operating in a monopolistic setting and selling a range of products consuming a single resource. Demand for each product is time-dependent and...
Persistent link: https://www.econbiz.de/10005051191
We consider the problem of a firm selling multiple products that consume a single resource over a finite time period. The amount of the resource is exogenously fixed. We analyze the difference between a dynamic pricing policy and a list-price capacity control policy. The dynamic pricing policy...
Persistent link: https://www.econbiz.de/10008551240
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...
Persistent link: https://www.econbiz.de/10008457215
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...
Persistent link: https://www.econbiz.de/10008457216
Persistent link: https://www.econbiz.de/10010642804
In this paper, we analyse migration-related changes in religiosity among new Polish and Turkish migrants in Germany by using novel data from an international survey project on Socio-Cultural Integration Processes of New Immigrants in Europe (SCIP). The study confirms, first of all, that both...
Persistent link: https://www.econbiz.de/10010604405
The network choice revenue management problem models customers as choosing from an offer-set, and the firm decides the best subset to offer at any given moment to maximize expected revenue. The resulting dynamic program for the firm is intractable and approximated by a deterministic linear...
Persistent link: https://www.econbiz.de/10010851395
One of the latest developments in network revenue management (RM) is the incorporation of customer purchase behavior via discrete choice models. Many authors presented control policies for the booking process that are expressed in terms of which combination of products to offer at a given point...
Persistent link: https://www.econbiz.de/10011052819
We develop an approximate dynamic programming approach to network revenue management models with customer choice that approximates the value function of the Markov decision process with a non-linear function which is separable across resource inventory levels. This approximation can exhibit...
Persistent link: https://www.econbiz.de/10010574215