Electronic Companion — “ Revenue Management of Callable Products ” by Guillermo Gallego
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چکیده
منابع مشابه
Revenue Management of Callable Products
A product is a unit of capacity sold to self-selected low-fare customers who willingly grant the capacity provider the option to “call” the capacity at a prespecified recall price. We analyze callable products in a finite-capacity setting with two fare classes where low-fare customers book first, and show that callable products provide a riskless source of additional revenue to the capacity pro...
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In this Appendix we first present the connection between the stochastic and the deterministic demand model used in Section 2 of the paper. We use the notation of the paper but also expand it as necessary to present the stochastic model and the results. In particular, we flesh out two dual based heuristics for the stochastic problem. Secondly, we briefly explain the connection between the stocha...
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