Title of article
Dynamic controlmechanismsforrevenuemanagementwith flexible products
Author/Authors
Anita Petrick ، نويسنده , , JochenG¨onsch، نويسنده , , ClaudiusSteinhardt، نويسنده , , RobertKlein، نويسنده ,
Issue Information
ماهنامه با شماره پیاپی سال 2010
Pages
13
From page
2027
To page
2039
Abstract
Revenuemanagementwithflexibleproductshasexperiencedagrowinginterestintheacademic
literaturewithinthelastfewyears.Flexibleproductsallowsupply-sidesubstitutionbetweenresources
and canthereforehelptomaximizeoverallrevenueaswellascapacityutilizationinmarketswith
highlyuncertaindemand.Thispaperaddressesthequestionofhowthemathematicalmodelswhich
have beendevelopedforcapacitycontrolwithflexibleproductsshouldbeusedovertimetoexploit
the substitutionopportunities,whilekeepingpracticalapplicabilityinmind.Severaldynamic
controlmechanismsareproposed,eachofwhichmakesuseoftheflexibilitytoadifferentextent.
A comprehensivecomputationalstudyshowsthepotentialofthedifferentapproachesbyrevealing
their strengthsandweaknesses.
Keywords
Flexible products , Capacity control , Revenue management
Journal title
Computers and Operations Research
Serial Year
2010
Journal title
Computers and Operations Research
Record number
927808
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