Revenue management under customer choice behaviour with cancellations and overbooking

DOI10.1016/j.ejor.2015.04.014zbMath1348.90453OpenAlexW2056054213MaRDI QIDQ319739

J. I. van der Rest, G. M. Koole, Bert Zwart, Dirk D. Sierag, Robert D. van der Mei

Publication date: 6 October 2016

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://ir.cwi.nl/pub/23454

zbMATH Keywords

dynamic pricingrevenue managementoverbookingcancellationscustomer choice models

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Production theory, theory of the firm (91B38) Case-oriented studies in operations research (90B90) Markov and semi-Markov decision processes (90C40)

Related Items (7)

Market structure and the value of overselling under stochastic demands ⋮ A review of revenue management: recent generalizations and advances in industry applications ⋮ An overview of revenue management and dynamic pricing models in hotel business ⋮ A binomial decision tree to manage <scp>yield‐uncertainty</scp> in <scp>multi‐round</scp> academic admissions processes ⋮ Optimal online channel strategies for a hotel considering direct booking and cooperation with an online travel agent ⋮ Optimal overbooking decision for a “Hotel + OTA” dual‐channel supply chain ⋮ Developing an integrated hub location and revenue management model considering multi-classes of customers in the airline industry

Cites Work

• Unnamed Item
• Strategic and operational decisions in restaurant revenue management
• Network revenue management with inventory-sensitive bid prices and customer choice
• Dynamic cruise ship revenue management
• Optimal control of diffusion processes with reflection
• Airline Yield Management with Overbooking, Cancellations, and No-Shows
• Revenue Management: Research Overview and Prospects
• A Dynamic Programming Decomposition Method for Making Overbooking Decisions Over an Airline Network
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior

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