The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
An Overview of Pricing Models for Revenue Management
Abstract
In this paper, we examine the research and results of dynamic pricing policies and their relation to revenue management. The survey is based on a generic revenue management problem in which a perishable and nonrenewable set of resources satisfy stochastic price sensitive demand processes over a finite period of time. In this class of problems, the owner (or the seller) of these resources uses them to produce and offer a menu of final products to the end customers. Within this context, we formulate the stochastic control problem of capacity that the seller faces: How to dynamically set the menu and the quantity of products and their corresponding prices to maximize the total revenue over the selling horizon.
Overview
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Citations
Cites
Yield management at American airlines
Smith, B. C., Leimkuhler, J. F., & Darrow, R. M. (1992) · Interfaces · doi:10.1287/inte.22.1.8 · Cited by 697 · cited 1×
“However, it was probably after the work of Belobaba (1987a, b; 1989) and the American Airlines success (Smith et al. 1992) that the field really took off.”
Background
Cited by
Optimal Pricing of Seasonal Products in the Presence of Forward-Looking Consumers
Aviv, Y., & Pazgal, A. (2008) · Manufacturing & Service Operations Management · doi:10.1287/msom.1070.0183 · Cited by 686
Analytics for an Online Retailer: Demand Forecasting and Price Optimization
Ferreira, K. J., Lee, B. H. A., & Simchi-Levi, D. (2016) · Manufacturing & Service Operations Management · doi:10.1287/msom.2015.0561 · Cited by 538
An overview of research on revenue management: Current issues and future research
Chiang, W. C., Chen, J. C. H., & Xu, X. (2007) · International Journal of Revenue Management · doi:10.1504/ijrm.2007.011196 · Cited by 447
Dynamic Pricing Strategies with Reference Effects
Popescu, I., & Wu, Y. (2007) · Operations Research · doi:10.1287/opre.1070.0393 · Cited by 447
Managing Perishable and Aging Inventories: Review and Future Research Directions
Karaesmen, I. Z., Scheller–Wolf, A., & Deniz, B. (2011) · International Series in Operations Research & Management Science · doi:10.1007/978-1-4419-6485-4_15 · Cited by 347
Metadata
- Authors
- Bitran, G., & Caldentey, R.
- Venue
- Manufacturing & Service Operations Management
- Published
- 2003-07
- Volume
- 5
- Issue
- 3
- Pages
- 203-229
- ISSN
- 1523-4614 (ISSN-L)
- 1526-5498
- OpenAlex
- W2100951624
- Cited by
- 793
- References
- 1
- FWCI
- 26.31
- Type
- journal article
- Language
- en
- Open access
- closed
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Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
