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This article studies a continuous-time yield management model in which reversible price changes are allowed. We assume that perishable assets are offered at a set of discrete price levels. Demand at each level is a Poisson process. To maximize the expected revenue, management controls the price...
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Many perishable products and services have multiple capacity attributes. Shipping capacity of container liners, for example, is measured by both volume and weight. Containers with different size consume various capacities in the two dimensions. Restaurant revenue management aims to maximize the...
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