Performance of an LP-Based Control for Revenue Management with Unknown Demand Parameters

Published Online:https://doi.org/10.1287/opre.2015.1390

References

  • Ciocan DF, Farias VF (2012) Model predictive control for dynamic resource allocation. Math. Oper. Res. 37(3):501–525.LinkGoogle Scholar
  • Chiang W-C, Chen JCH, Xu X (2007) An overview of research on revenue management. Internat. J. Revenue Management 1(1):97–128.CrossrefGoogle Scholar
  • Gallego G, van Ryzin G (1997) A multiproduct dynamic pricing problem and its applications to network yield management. Oper. Res. 45(1):24–41.LinkGoogle Scholar
  • IATA (2013) Profitability and the air transport value chain. Technical report, International Air Transport Association.Google Scholar
  • Jasin S, Kumar S (2012) A re-solving heuristic with bounded revenue loss for network revenue management with customer choice. Math. Oper. Res. 37(2):313–345.LinkGoogle Scholar
  • Jasin S, Kumar S (2013) Analysis of deterministic LP-based booking limit and bid price controls for revenue management. Oper. Res. 61(6):1312–1320.LinkGoogle Scholar
  • Reiman MI, Wang Q (2008) An asymptotically optimal policy for a quantity-based network revenue management problem. Math. Oper. Res. 33(2):257–282.LinkGoogle Scholar
  • Talluri K, van Ryzin G (2004) The Theory and Practice of Revenue Management (Springer, New York).CrossrefGoogle Scholar
  • Zhang D, Adelman D (2009) An approximate dynamic programming approach to network revenue management with customer choice. Transportation Sci. 43(3):381–394.LinkGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.