Risk in Revenue Management and Dynamic Pricing

Revenue management and seller pricing decisions in retail industry: An agent-based model

A green transportation location-inventory-routing problem by dynamic regional pricing

Non-uniform distribution of customers in a region and variation of their maximum willingness to pay at distinct areas make regional pricing a practical method to maximize the profit of the distribution system. By subtracting the classic objective function, which minimizes operational costs from revenue function, profit maximization is aimed. A distribution network is designed by determining the...

Commissioned Paper An Overview of Pricing Models for Revenue Management

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 pricesensitive demand processes over a finite period of time. In this class of problems, the owner (or the seller) of these resources uses th...

Operations Management and Business Pricing

The field of revenue management originated within the operations research community and is concerned with demand management and related pricing decisions. Pricing has not traditionally been one of the mainstream operations management (OM) concerns, but revenue management is attracting a substantial amount of OM research. While revenue management has had significant impact on the management of d...

Cooperative network flow problem with pricing decisions and allocation of benefits: A game theory approach

Several real problems in telecommunication, transportation, and distribution industries can be well analyzed by network flow models. In revenue management, pricing plays a primary role which increases the profit generated from a limited supply of assets. Pricing decision directly affects the amount of service or product demand. Hence, in traditional maximum flow problem, we assume that the dema...

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...