A comparison of fixed and dynamic pricing policies in revenue management

Omega (United Kingdom)

Volumn 41, Issue 3, 2013, Pages 586-597

  Şen, Alper ^a  

^a BILKENT UNIVERSITY   (Turkey)

Author keywords

Dynamic pricing; Heuristics; Revenue management; Yield management

Indexed keywords

COSTS; ECONOMICS; OPTIMIZATION;

ASYMPTOTICALLY OPTIMAL; DYNAMIC PRICING; DYNAMIC PRICING POLICIES; FIXED PRICES; HEURISTIC; PERFORMANCE; PRICE-BASED; REVENUE MANAGEMENT; SIMPLE++; YIELD MANAGEMENT;

SALES;

EID: 84867074291     PISSN: 03050483     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.omega.2012.08.001     Document Type: Article

References (16)

1. Gallego G., van Ryzin G. Optimal dynamic pricing of inventories with stochastic demand over finite horizons. Management Science 1994, 40(8):999-1020.
2. Kim S., Bell P.C. Optimal pricing and production decisions in the presence of symmetrical and asymmetrical substitution. Omega 2011, 39(5):528-538.
3. Zhao L., Tian P., Li X. Dynamic pricing in the presence of consumer inertia. Omega 2012, 40(2):137-148.
4. Tsai W.H., Hung S.J. Dynamic pricing and revenue management process in Internet retailing under uncertainty. an integrated real options approach. Omega 2009, 37(2):471-481.
5. Bitran G., Caldentey R. An overview of pricing models for revenue management. Manufacturing and Service Operations Management 2003, 5(3):203-229.
6. Elmaghraby W., Keskinocak P. Dynamic pricing in the presence of inventory considerations. Research overview, current practices and future directions. Management Science 2003, 49(10):1287-1309.
7. Talluri K., van Ryzin G. The theory and practice of revenue management 2004, Kluwer Academic Publishers.
8. Gallego G., van Ryzin G. A multiproduct dynamic pricing problem and its applications to network yield management. Operations Research 1997, 45(1):24-41.
9. Cooper W.L. Aysmptotic behavior of an allocation policy for revenue management. Operations Research 2002, 50(4):720-727.
10. Secomandi N. An analysis of the control-algorithm re-solving issue in inventory and revenue management. Manufacturing and Service Operations Management 2008, 10(3):468-483.
11. Maglaras C., Meissner J. Dynamic pricing strategies for multiproduct revenue management problems. Manufacturing and Service Operations Management 2006, 8(2):136-148.
12. Zhao W., Zheng Y.-S. Optimal dynamic pricing of perishable assets with nonhomogeneous demand. Management Science 2000, 46(3):375-388.
13. Phillips R. Pricing and revenue optimization 2005, Stanford University Press.
14. Talluri K., van Ryzin G. An analysis of bid-price controls for network revenue management. Management Science 1998, 44(11):1577-1593.
15. Adelman D. Dynamic bid prices controls in revenue management. Operations Research 2007, 55(4):647-661.
16. Zhang D., Cooper W.L. Pricing substitutable flights in airline revenue management. European Journal of Operational Research 2009, 197:848-861.