Delayed Purchase Options in Single-Leg Revenue Management

Published Online:https://doi.org/10.1287/trsc.2015.0643

References

  • Anderson CK, Xie X (2013) Pricing and market segmentation using opaque selling mechanisms. Eur. J. Oper. Res. 233:263–272.CrossrefGoogle Scholar
  • Aydın N, Birbil Şİ, Frenk JBG, Noyan N (2013) Single-leg airline revenue management with overbooking. Transportation Sci. 47:560–583.LinkGoogle Scholar
  • Balseiro S, Gallego G, Gocmen C, Phillips R (2011) Revenue management of consumer options for sporting events. Technical report, Columbia University, New York.Google Scholar
  • Beckman JM (1958) Decision and team problems in airline reservations. Econometrica 26:134–145.CrossrefGoogle Scholar
  • Board J, Sutcliffe C, Ziemba WT (2003) Applying operations research techniques to financial markets. Interfaces 33:12–24.LinkGoogle Scholar
  • Chatwin RE (1998) Multi-period airline overbooking with a single fare class. Oper. Res. 46:805–819.LinkGoogle Scholar
  • Coughlan J (1999) Airline overbooking in the multi-class case. J. Oper. Res. Soc. 50:1098–1103.CrossrefGoogle Scholar
  • Dempster MAH, Hutton JP (1999) Pricing American stock options by linear programming. Math. Finance 9:229–254.CrossrefGoogle Scholar
  • Fay S, Xie J (2008) Probabilistic goods: A creative way of selling products and services. Marketing Sci. 27:674–690.LinkGoogle Scholar
  • Gallego G, Phillips R (2004) Revenue management of flexible products. Manufacturing Service Oper. Management 6:321–337.LinkGoogle Scholar
  • Gallego G, Sahin O (2010) Revenue management with partially refundable fares. Oper. Res. 58:817–833.LinkGoogle Scholar
  • Gallego G, Stefanescu C (2009) Upgrades, upsells and pricing in revenue management. Technical report, Columbia University, New York.Google Scholar
  • Gallego G, Stefanescu C (2012) Service engineering: Design and pricing of service features. Özer Ö, Phillips R, eds. The Oxford Handbook of Pricing Management (Oxford University Press, Oxford, UK), 713–737.CrossrefGoogle Scholar
  • Gallego G, van Ryzin G (1997) A multiproduct dynamic pricing problem and its applications to network yield management. Oper. Res. 45:24–41.LinkGoogle Scholar
  • Gallego G, Kou SG, Philips R (2008) Revenue management of callable products. Management Sci. 54:550–564.LinkGoogle Scholar
  • Gallego G, Iyengar G, Phillips R, Dubey A (2004) Managing flexible products on a network. Technical report, Columbia University, New York.Google Scholar
  • Han J, Park CS (2008) A study on estimating investment timing of real options. Engrg. Economist 53:197–229.CrossrefGoogle Scholar
  • Haugh MB, Kogan L (2008) Duality theory and approximate dynamic programming for pricing American options and portfolio optimization. Birge JR, Linetsky V, eds. Financial Engineering, Handbooks Oper. Res. Management Sci., Vol. 15 (North-Holland, Amsterdam), 925–948.Google Scholar
  • Karaesmen I, van Ryzin GJ (2004) Overbooking with substitutable inventory classes. Oper. Res. 52:83–104.LinkGoogle Scholar
  • Kunnumkal S, Talluri K, Topaloglu H (2012) A randomized linear programming method for network revenue management with product-specific no-shows. Transportation Sci. 46:90–108.LinkGoogle Scholar
  • Longstaff F, Schwartz E (2001) Valuing American options by simulation: A simple least-squares approach. Rev. Financial Stud. 14:113–147.CrossrefGoogle Scholar
  • McDonald R, Siegel D (1986) The value of waiting to invest. Quart. J. Economist 101:707–727.CrossrefGoogle Scholar
  • McGill J, van Ryzin G (1999) Revenue management: Research overview and prospects. Transportation Sci. 33:233–256.LinkGoogle Scholar
  • Phillips RL (2005) Pricing and Revenue Management (Stanford University Press, Stanford, CA).Google Scholar
  • Rhys H, Jihe S, Jinchichovska IT (2002) The timing of real option exercises: Some recent developments. Engrg. Economist 47:436–450.CrossrefGoogle Scholar
  • Rothstein M (1971) An airline overbooking model. Transportation Sci. 5:180–192.LinkGoogle Scholar
  • Sainam P, Balasubramanian S, Bayus B (2009) Consumer options: Theory and an empirical application to a sports market. J. Marketing Res. 47:401–414.CrossrefGoogle Scholar
  • Shumsky RA, Zhang F (2009) Dynamic capacity management with substitution. Oper. Res. 57:671–684.LinkGoogle Scholar
  • Subramanian J, Stidham S, Lautenbacher C (1999) Airline yield management with overbooking, cancellations, and no-shows. Transportation Sci. 33:147–167.LinkGoogle Scholar
  • Talluri K, van Ryzin G (1998) An analysis of bid-price controls for network revenue management. Management Sci. 44:1577–1593.LinkGoogle Scholar
  • Talluri K, van Ryzin G (1999) A randomized linear programming method for computing network bid prices. Transportation Sci. 33:207–216.LinkGoogle Scholar
  • Talluri KT, van Ryzin GJ (2004) The Theory and Practice of Revenue Management (Springer, New York).CrossrefGoogle Scholar
  • Thompson HR (1961) Statistical problems in airline reservation control. Oper. Res. Quart. 12:167–185.CrossrefGoogle Scholar
  • Trigeorgis L (1996) Real Options: Managerial Flexibility and Strategy in Resource Allocation (MIT Press, Cambridge, MA).Google Scholar
  • Tsitsiklis J, Roy BV (2001) Regression methods for pricing complex American-style options. IEEE Trans. Neural Networks 12:694–703.CrossrefGoogle 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.