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Dynamic Control Mechanisms For Revenue Management With Flexible Products
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Book Synopsis Dynamic Control Mechanisms for Revenue Management with Flexible Products by : Anita Petrick
Download or read book Dynamic Control Mechanisms for Revenue Management with Flexible Products written by Anita Petrick and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revenue management with flexible products has experienced a growing interest in the academic literature within the last few years. Flexible products allow supply-side substitution between resources and can therefore help to maximize overall revenue as well as capacity utilization in markets with highly uncertain demand. This paper addresses the question of how the mathematical models which have been developed for capacity control with flexible products should be used over time to exploit the substitution opportunities, while keeping practical applicability in mind. Several dynamic control mechanisms are proposed, each of which makes use of the flexibility to a different extent. A comprehensive computational study shows the potential of the different approaches by revealing their strengths and weaknesses.
Author :Michael Müller-Bungart Publisher :Springer Science & Business Media ISBN 13 :3540723153 Total Pages :307 pages Book Rating :4.5/5 (47 download)
Book Synopsis Revenue Management with Flexible Products by : Michael Müller-Bungart
Download or read book Revenue Management with Flexible Products written by Michael Müller-Bungart and published by Springer Science & Business Media. This book was released on 2007-06-26 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes revenue management (RM) problems with flexible products and RM in broadcasting companies. It presents models and methods that explicitly take the implications of flexibility into account. In addition, it contains descriptions of algorithms to generate stochastic demand data streams for general RM problems. To help readers with their own simulation studies, it provides an implementation as a Microsoft Windows executable file.
Book Synopsis Logistikmanagement - Herausforderungen, Chancen & Lösungen by :
Download or read book Logistikmanagement - Herausforderungen, Chancen & Lösungen written by and published by University of Bamberg Press. This book was released on 2011 with total page 1140 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Integrated Capacity and Price Control in Revenue Management by : Michael Becher
Download or read book Integrated Capacity and Price Control in Revenue Management written by Michael Becher and published by Springer Science & Business Media. This book was released on 2008-03-02 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael Becher develops a concept for an integrated capacity and price control in revenue management. His concept is based on fuzzy expert controllers and complies with the defined business and application requirements.
Book Synopsis Global Supply Chain and Operations Management by : Dmitry Ivanov
Download or read book Global Supply Chain and Operations Management written by Dmitry Ivanov and published by Springer Nature. This book was released on 2021-11-19 with total page 673 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third edition of this textbook comprehensively discusses global supply chain and operations management (SCOM), combining value creation networks and interacting processes. It focuses on operational roles within networks and presents the quantitative and organizational methods needed to plan and control the material, information, and financial flows in supply chains. Each chapter begins with an introductory case study, while numerous examples from various industries and services help to illustrate the key concepts. The book explains how to design operations and supply networks and how to incorporate suppliers and customers. It examines how to balance supply and demand, a core aspect of tactical planning, before turning to the allocation of resources to meet customer needs. In addition, the book presents state-of-the-art research reflecting the lessons learned from the COVID-19 pandemic, and emerging, fast-paced developments in the digitalization of supply chain and operations management. Providing readers with a working knowledge of global supply chain and operations management, with a focus on bridging the gap between theory and practice, this textbook can be used in core, specialized, and advanced classes alike. It is intended for a broad range of students and professionals in supply chain and operations management.
Book Synopsis Network Optimization by : Julia Pahl
Download or read book Network Optimization written by Julia Pahl and published by Springer. This book was released on 2011-09-15 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book constitutes the refereed proceedings of the 5th International Conference on Network Optimization, INOC 2011, held in Hamburg, Germany, in June 2011. The 65 revised full papers presented were carefully reviewed and selected from numerous submissions. The papers highlight recent developments in network optimization and are organized in the following topical sections: theoretical problems, uncertainty, graph theory and network design; network flows; routing and transportation; and further optimization problems and applications (energy oriented network design, telecom applications, location, maritime shipping, and graph theory).
Book Synopsis Dynamic Revenue Management and Pricing of Flexible Capacity by : Tao Huang
Download or read book Dynamic Revenue Management and Pricing of Flexible Capacity written by Tao Huang and published by . This book was released on 2005 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Applications in Statistical Computing by : Nadja Bauer
Download or read book Applications in Statistical Computing written by Nadja Bauer and published by Springer Nature. This book was released on 2019-10-12 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a selection of research papers on various topics at the interface of statistics and computer science. Emphasis is put on the practical applications of statistical methods in various disciplines, using machine learning and other computational methods. The book covers fields of research including the design of experiments, computational statistics, music data analysis, statistical process control, biometrics, industrial engineering, and econometrics. Gathering innovative, high-quality and scientifically relevant contributions, the volume was published in honor of Claus Weihs, Professor of Computational Statistics at TU Dortmund University, on the occasion of his 66th birthday.
Book Synopsis Dynamic Learning Mechanisms in Revenue Management Problems by : Zizhuo Wang
Download or read book Dynamic Learning Mechanisms in Revenue Management Problems written by Zizhuo Wang and published by . This book was released on 2012 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the major challenges in revenue management problems is the uncertainty of the customer's demand. In many practical problems, the decision maker can only observe realized demand over time, but not the underlying demand. Methods to incorporate demand learning into revenue management problems remain an important topic both for academic researchers and practitioners. In this dissertation, we propose a class of dynamic learning mechanisms for a broad range of revenue management problems. Unlike methods that attempt to deduce customer demand before the selling season, our proposed mechanisms enable a decision maker to learn the demand "on the fly''. That is, they integrate learning and doing into a concurrent procedure and both learning and doing are accomplished during the selling season. Furthermore, we show that our mechanisms are 1) Robust, that is, our mechanisms work well for a wide range of underlying demand structures and do not need to know the structure beforehand; 2) Dynamic, that is, our mechanisms take advantages of increasing sales data as selling season moves forward and update the demand information along the process and 3) Optimal, that is, our mechanisms achieve near-optimal revenues, as compared to a clairvoyant who has complete knowledge of the demand information beforehand. By comparing with different learning mechanisms, we claim that "dynamic learning" is essential for our mechanism to achieve improved performance and the above features. We consider two widely-used models in this dissertation, a customer bidding model and a posted-price model. For each model, we describe a dynamic learning mechanism with theoretical guarantee of near-optimal performance. Although different models entail different mechanism details and different analysis tools, we show that a common denominator is that the improvement of our mechanisms comes from one unique feature: dynamic learning. We also present numerical tests for both models from which the performance of our mechanisms is verified. We believe that the dynamic learning mechanisms presented in this dissertation have important implications for both researchers and practitioners.
Book Synopsis Advanced Studies in Behaviormetrics and Data Science by : Tadashi Imaizumi
Download or read book Advanced Studies in Behaviormetrics and Data Science written by Tadashi Imaizumi and published by Springer Nature. This book was released on 2020-04-17 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the latest developments in behaviormetrics and data science, covering a wide range of topics in data analysis and related areas of data science, including analysis of complex data, analysis of qualitative data, methods for high-dimensional data, dimensionality reduction, visualization of such data, multivariate statistical methods, analysis of asymmetric relational data, and various applications to real data. In addition to theoretical and methodological results, it also shows how to apply the proposed methods to a variety of problems, for example in consumer behavior, decision making, marketing data, and social network structures. Moreover, it discuses methodological aspects and applications in a wide range of areas, such as behaviormetrics; behavioral science; psychology; and marketing, management and social sciences. Combining methodological advances with real-world applications collected from a variety of research fields, the book is a valuable resource for researchers and practitioners, as well as for applied statisticians and data analysts.
Book Synopsis Algorithms from and for Nature and Life by : Berthold Lausen
Download or read book Algorithms from and for Nature and Life written by Berthold Lausen and published by Springer Science & Business Media. This book was released on 2013-08-28 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides approaches and solutions to challenges occurring at the interface of research fields such as, e.g., data analysis, data mining and knowledge discovery, computer science, operations research, and statistics. In addition to theory-oriented contributions various application areas are included. Moreover, traditional classification research directions concerning network data, graphs, and social relationships as well as statistical musicology describe examples for current interest fields tackled by the authors. The book comprises a total of 55 selected papers presented at the Joint Conference of the German Classification Society (GfKl), the German Association for Pattern Recognition (DAGM), and the Symposium of the International Federation of Classification Societies (IFCS) in 2011.
Book Synopsis Autonomous Cooperation and Control in Logistics by : Michael Hülsmann
Download or read book Autonomous Cooperation and Control in Logistics written by Michael Hülsmann and published by Springer Science & Business Media. This book was released on 2011-05-27 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many new technologies – like RFID, GPS, and sensor networks – that dominate innovative developments in logistics are based on the idea of autonomous cooperation and control. This self-organisational concept describes „...processes of decentralized decision-making in heterarchical structures. It presumes interacting elements in non-deterministic systems, which possess the capability and possibility to render decisions. The objective of autonomous cooperation and control is the achievement of increased robustness and positive emergence of the total system due to distributed and flexible coping with dynamics and complexity“ (Hülsmann & Windt, 2007). In order to underlie these technology-driven developments with a fundamental theoretical foundation this edited volume asks for contributions and limitations of applying the principles of autonomous cooperation and control to logistics processes and systems. It intends to identify, describe, and explain – in the context of production and distribution logistics – the effects on performance and robustness, the enablers and impediments for the feasibility, the essential cause-effect-relations, etc. of concepts, methods, technologies, and routines of autonomous cooperation and control in logistics. Therefore, the analyses collected in this edited volume aim to develop a framework for finding the optimal degree as well as the upper and lower boundaries of autonomous cooperation and control of logistics processes from the different perspectives of production technology, electronics and communication engineering, informatics and mathematics, as well as management sciences and economics.
Book Synopsis The Theory and Practice of Revenue Management by : Kalyan T. Talluri
Download or read book The Theory and Practice of Revenue Management written by Kalyan T. Talluri and published by Springer Science & Business Media. This book was released on 2006-02-21 with total page 731 pages. Available in PDF, EPUB and Kindle. Book excerpt: Revenue management (RM) has emerged as one of the most important new business practices in recent times. This book is the first comprehensive reference book to be published in the field of RM. It unifies the field, drawing from industry sources as well as relevant research from disparate disciplines, as well as documenting industry practices and implementation details. Successful hardcover version published in April 2004.
Book Synopsis Pricing-Based Revenue Management for Flexible Products on a Network by : Dirk Sierag
Download or read book Pricing-Based Revenue Management for Flexible Products on a Network written by Dirk Sierag and published by . This book was released on 2016 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes and analyses a pricing-based revenue management model that allows flexible products on a network, with a non-trivial extension to group reservations. Under stochastic demand the problem can be solved using a dynamic programming formulation, though it suffers from the curse of dimensionality. The solution under deterministic demand gives an upper bound on the stochastic problem, and serves as a basis for two heuristics, which are asymptotically optimal. Numerical studies show that the heuristics perform well, even under uncertainty in demand. Moreover, neglecting flexible products can lead to substantial revenue loss.
Book Synopsis Experimenting with Dynamic Macromodels by : PierCarlo Nicola
Download or read book Experimenting with Dynamic Macromodels written by PierCarlo Nicola and published by Springer Science & Business Media. This book was released on 2008-02-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a macroeconomic dynamic model à la Solow-Swan, including the market for labor, in a discrete time structure. The model is expanded to include expenditure on R&D and public expenditure on infrastructure. For each of the three models the results are shown in time series figures, which demonstrate that even small changes in the parameters produce responses in the time behavior of the main variables: from steady growth, to regular cycles, to chaotic-like time paths.
Book Synopsis Fair Revenue Sharing Mechanisms for Strategic Passenger Airline Alliances by : Demet Çetiner
Download or read book Fair Revenue Sharing Mechanisms for Strategic Passenger Airline Alliances written by Demet Çetiner and published by Springer Science & Business Media. This book was released on 2013-04-03 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: A major problem arising in airline alliances is to design allocation mechanisms determining how the revenue of a product should be shared among the airlines. The nucleolus is a concept of cooperative game theory that provides solutions for allocating the cost or benefit of a cooperation. This work provides fair revenue proportions for the airline alliances based on the nucleolus, which assumes a centralized decision making system. The proposed mechanism is used as a benchmark to evaluate the fairness of the revenue sharing mechanisms, where the alliance partners behave selfishly. Additionally, a new selfish revenue allocation rule is developed that improves the performance of the existing methods.
Book Synopsis Revenue Management by : Robert G. Cross
Download or read book Revenue Management written by Robert G. Cross and published by Crown Currency. This book was released on 2011-04-27 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the man the Wall Street Journal hailed as "the guru of Revenue Management" comes revolutionary ways to recover from the after effects of downsizing and refocus your business on growth. Whatever happened to growth? In Revenue Management, Robert G. Cross answers this question with his ground-breaking approach to revitalizing businesses: focusing on the revenue side of the ledger instead of the cost side. The antithesis of slash-and-burn methods that left companies with empty profits and dissatisfied stockholders, Revenue Management overturns conventional thinking on marketing strategies and offers the key to initiating and sustaining growth. Using case studies from a variety of industries, small businesses, and nonprofit organizations, Cross describes no-tech, low-tech, and high-tech methods that managers can use to increase revenue without increasing products or promotions; predict consumer behavior; tap into new markets; and deliver products and services to customers effectively and efficiently. His proven tactics will help any business dramatically improve its bottom line by meeting the challenge of matching supply with demand.
