Skip to main content

Customer choice, fare adjustments and the marginal expected revenue data transformation: A note on using old yield management techniques in the brave new world of pricing

Buy Article:

$43.00 plus tax (Refund Policy)

Abstract:

We describe marginal expected revenue data transformation, a mathematical technique that facilitates optimization with customer choice models. The main focus of this article is the analytical relationship between the transformation and Expected Marginal Seat Revenue (EMSR) as applied to customer demand with choice. We present an EMSR-based approach to single-leg revenue management with price-sensitive customers. This approach can be equivalently computed using the EMSR-b heuristic but with transformed problem data. We evaluate this approach by providing numerical comparisons to other control methods.

Document Type: Research Article

DOI: http://dx.doi.org/10.1057/rpm.2009.38

Publication date: January 3, 2010

Access Key

Free Content
Free content
New Content
New content
Open Access Content
Open access content
Partial Open Access Content
Partial Open access content
Subscribed Content
Subscribed content
Free Trial Content
Free trial content
Cookie Policy
X
Cookie Policy
Ingenta Connect website makes use of cookies so as to keep track of data that you have filled in. I am Happy with this Find out more