Provably Near-Optimal LP-Based Policies for Revenue Management in Systems with Reusable Resources

Electronic Companion — “ Provably Near - Optimal LP - Based Policies for Revenue Management in Systems with Reusable Resources ”

Provably Near-Optimal LP-Based Policies for Revenue Management in Systems with Reusable Resources (Preliminary Draft)

Motivated by emerging applications in workforce management, we consider a class of revenue management problems in systems with reusable resources. The corresponding applications are modeled using the well-known loss network systems (sometime also called the stochastic knapsack model). We use an extremely simple linear program (LP) that provides an upper bound on the best achievable expected lon...

Optimal Energy Management and Feasibility Study of a Hybrid Energy System for a Remote Area

This paper investigates impacts of possible chances in energy policy and consumption behavior on optimal energy management and feasibility study of a hybrid energy system. The study was performed on a remote area near Esfarjan, a village located in Shahreza, Iran. In the main scenario, the current energy policy is applied while the consumption behavior of customers is studied by means of an inc...

Assessing the Value of Dynamic Pricing in Network Revenue Management

Dynamic pricing for a network of resources over a finite selling horizon has received considerable attention in recent years, yet few papers provide effective computational approaches to solve the problem. We consider a resource decomposition approach to solve the problem and investigate the performance of the approach in a computational study. We compare the performance of the approach to stat...

Two-stage stochastic programming model for capacitated complete star p-hub network with different fare classes of customers

In this paper, a stochastic programming approach is applied to the airline network revenue management problem. The airline network with the arc capacitated single hub location problem based on complete–star p-hub network is considered. We try to maximize the profit of the transportation company by choosing the best hub locations and network topology, applying revenue management techniques to al...