Browsing by Author "Webster, Scott"
Authors:Ayvaz-Cavdaroglu, Nur; Gauri, Dinesh K.; Webster, Scott
Publisher and Date:(Sage Publications Inc, 2019)Revenue management (RM) has received considerable attention from both academic and business professionals. It encompasses several techniques regarding capacity allocation pricing and resource management of fixed time-sensitive capacity. RM can be roughly divided into two categories defined by the control mechanism that increases revenue: capacity allocation or price optimization. Our work falls in the latter category. In our model we allow for partial substitutability among products (e.g. a customer ...