Revenue Management: Research Overview and Prospects

Jeff McGill · Garrett J. Van Ryzin

1,131 citations0/0 files storedTransportation Science

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Abstract

This survey reviews the forty-year history of research on transportation revenue management (also known as yield management). We cover developments in forecasting, overbooking, seat inventory control, and pricing, as they relate to revenue management, and suggest future research directions. The survey includes a glossary of revenue management terminology and a bibliography of over 190 references.

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1994Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons

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2003Dynamic Pricing in the Presence of Inventory Considerations: Research Overview, Current Practices, and Future Directions 2004Revenue Management Under a General Discrete Choice Model of Consumer Behavior 2022Forecasting: theory and practice 2003An Overview of Pricing Models for Revenue Management 2007E-fulfillment and multi-channel distribution – A review 2006An overview of research on revenue management: current issues and future research 2003Managing Online Auctions: Current Business and Research Issues 2008Dynamic Pricing and Inventory Control of Substitute Products

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