Optimal pricing and seat allocation schemes in passenger railway systems
Author
Abstract
Suggested Citation
DOI: 10.1016/j.tre.2021.102580
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Li, Zhujun & Shalaby, Amer & Roorda, Matthew J. & Mao, Baohua, 2021. "Urban rail service design for collaborative passenger and freight transport," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 147(C).
- Wang, David Z.W. & Liu, Haoxiang & Szeto, W.Y., 2015. "A novel discrete network design problem formulation and its global optimization solution algorithm," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 79(C), pages 213-230.
- Janakiram Subramanian & Shaler Stidham & Conrad J. Lautenbacher, 1999. "Airline Yield Management with Overbooking, Cancellations, and No-Shows," Transportation Science, INFORMS, vol. 33(2), pages 147-167, May.
- A. Ciancimino & G. Inzerillo & S. Lucidi & L. Palagi, 1999. "A Mathematical Programming Approach for the Solution of the Railway Yield Management Problem," Transportation Science, INFORMS, vol. 33(2), pages 168-181, May.
- Zhang, Fangni & Yang, Zhiwei & Jiao, Jingjuan & Liu, Wei & Wu, Wenjie, 2020. "The effects of high-speed rail development on regional equity in China," Transportation Research Part A: Policy and Practice, Elsevier, vol. 141(C), pages 180-202.
- Peter P. Belobaba, 1987. "Survey Paper---Airline Yield Management An Overview of Seat Inventory Control," Transportation Science, INFORMS, vol. 21(2), pages 63-73, May.
- Alexander Armstrong & Joern Meissner, 2010. "Railway Revenue Management: Overview and Models (Operations Research)," Working Papers MRG/0019, Department of Management Science, Lancaster University, revised Jul 2010.
- Chew, Ek Peng & Lee, Chulung & Liu, Rujing, 2009. "Joint inventory allocation and pricing decisions for perishable products," International Journal of Production Economics, Elsevier, vol. 120(1), pages 139-150, July.
- Hetrakul, Pratt & Cirillo, Cinzia, 2014. "A latent class choice based model system for railway optimal pricing and seat allocation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 61(C), pages 68-83.
- Niu, Huimin & Zhou, Xuesong & Gao, Ruhu, 2015. "Train scheduling for minimizing passenger waiting time with time-dependent demand and skip-stop patterns: Nonlinear integer programming models with linear constraints," Transportation Research Part B: Methodological, Elsevier, vol. 76(C), pages 117-135.
- Lawrence R. Weatherford, 1997. "Using Prices More Realistically as Decision Variables in Perishable-Asset Revenue Management Problems," Journal of Combinatorial Optimization, Springer, vol. 1(3), pages 277-304, October.
- Xu, Guangming & Liu, Wei & Wu, Runfa & Yang, Hai, 2021. "A double time-scale passenger assignment model for high-speed railway networks with continuum capacity approximation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 150(C).
- Jeffrey I. McGill & Garrett J. van Ryzin, 1999. "Revenue Management: Research Overview and Prospects," Transportation Science, INFORMS, vol. 33(2), pages 233-256, May.
- Liu, Haoxiang & Szeto, W.Y. & Long, Jiancheng, 2019. "Bike network design problem with a path-size logit-based equilibrium constraint: Formulation, global optimization, and matheuristic," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 284-307.
- Wang, Xinchang & Wang, Hua & Zhang, Xiaoning, 2016. "Stochastic seat allocation models for passenger rail transportation under customer choice," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 96(C), pages 95-112.
- Chaoxu Tong & Huseyin Topaloglu, 2014. "On the Approximate Linear Programming Approach for Network Revenue Management Problems," INFORMS Journal on Computing, INFORMS, vol. 26(1), pages 121-134, February.
- Alavi Fard, Farzad & Sy, Malick & Ivanov, Dmitry, 2019. "Optimal overbooking strategies in the airlines using dynamic programming approach in continuous time," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 128(C), pages 384-399.
- Zhou, Yu & Yang, Hai & Wang, Yun & Yan, Xuedong, 2021. "Integrated line configuration and frequency determination with passenger path assignment in urban rail transit networks," Transportation Research Part B: Methodological, Elsevier, vol. 145(C), pages 134-151.
- Ferran Sancho, 2009.
"Calibration Of Ces Functions For Real-World Multisectoral Modeling,"
Economic Systems Research, Taylor & Francis Journals, vol. 21(1), pages 45-58.
- Ferran Sancho, 2007. "Calibration of CES functions for real-world multisectoral modeling," UFAE and IAE Working Papers 715.07, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC).
- Yang, Zhiwei & Li, Can & Jiao, Jingjuan & Liu, Wei & Zhang, Fangni, 2020. "On the joint impact of high-speed rail and megalopolis policy on regional economic growth in China," Transport Policy, Elsevier, vol. 99(C), pages 20-30.
- Liu, Haoxiang & Wang, David Z.W., 2015. "Global optimization method for network design problem with stochastic user equilibrium," Transportation Research Part B: Methodological, Elsevier, vol. 72(C), pages 20-39.
- Zhan, Shuguang & Wong, S.C. & Lo, S.M., 2020. "Social equity-based timetabling and ticket pricing for high-speed railways," Transportation Research Part A: Policy and Practice, Elsevier, vol. 137(C), pages 165-186.
- Gunnar Flötteröd & Michel Bierlaire & Kai Nagel, 2011. "Bayesian Demand Calibration for Dynamic Traffic Simulations," Transportation Science, INFORMS, vol. 45(4), pages 541-561, November.
- You, Peng-Sheng, 2008. "An efficient computational approach for railway booking problems," European Journal of Operational Research, Elsevier, vol. 185(2), pages 811-824, March.
- Wuyang Yuan & Lei Nie & Xin Wu & Huiling Fu, 2018. "A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer," PLOS ONE, Public Library of Science, vol. 13(8), pages 1-23, August.
- Jiao, Jingjuan & Wang, Jiaoe & Zhang, Fangni & Jin, Fengjun & Liu, Wei, 2020. "Roles of accessibility, connectivity and spatial interdependence in realizing the economic impact of high-speed rail: Evidence from China," Transport Policy, Elsevier, vol. 91(C), pages 1-15.
- Canca, David & De-Los-Santos, Alicia & Laporte, Gilbert & Mesa, Juan A., 2019. "Integrated Railway Rapid Transit Network Design and Line Planning problem with maximum profit," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 1-30.
- Li, Zhi-Chun & Lam, William H.K. & Wong, S.C. & Sumalee, A., 2012. "Design of a rail transit line for profit maximization in a linear transportation corridor," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(1), pages 50-70.
- An, Kun & Lo, Hong K., 2015. "Robust transit network design with stochastic demand considering development density," Transportation Research Part B: Methodological, Elsevier, vol. 81(P3), pages 737-754.
- Wang, David Z.W. & Lo, Hong K., 2010. "Global optimum of the linearized network design problem with equilibrium flows," Transportation Research Part B: Methodological, Elsevier, vol. 44(4), pages 482-492, May.
- Li, Changle & Ma, Jiao & Luan, Tom H. & Zhou, Xun & Xiong, Lei, 2018. "An incentive-based optimizing strategy of service frequency for an urban rail transit system," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 118(C), pages 106-122.
- Osorio, Carolina, 2019. "High-dimensional offline origin-destination (OD) demand calibration for stochastic traffic simulators of large-scale road networks," Transportation Research Part B: Methodological, Elsevier, vol. 124(C), pages 18-43.
- Qiu, Xuan & Lee, Chung-Yee, 2019. "Quantity discount pricing for rail transport in a dry port system," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 122(C), pages 563-580.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Haque, Md Tabish & Hamid, Faiz, 2023. "Social distancing and revenue management—A post-pandemic adaptation for railways," Omega, Elsevier, vol. 114(C).
- Xueyi Guan & Jin Qin & Chenghui Mao & Wenliang Zhou, 2023. "A Literature Review of Railway Pricing Based on Revenue Management," Mathematics, MDPI, vol. 11(4), pages 1-17, February.
- Xu, Guangming & Zhong, Linhuan & Liu, Wei & Guo, Jing, 2024. "A flexible train composition strategy with extra-long trains for high-speed railway corridors with time-varying demand," Transportation Research Part B: Methodological, Elsevier, vol. 179(C).
- Xu, Guangming & Liu, Yihan & Gao, Yihan & Liu, Wei, 2023. "Integrated optimization of train stopping plan and seat allocation scheme for railway systems under equilibrium travel choice and elastic demand," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 177(C).
- Wenliang Zhou & Xiang Li & Xin Shi, 2023. "Joint Optimization of Time-Dependent Line Planning and Differential Pricing with Passenger Train Choice in High-Speed Railway Networks," Mathematics, MDPI, vol. 11(6), pages 1-28, March.
- Yu Wang & Jiafa Zhu, 2023. "Pricing Analysis for Railway Multi-Ride Tickets: An Optimization Approach for Uncertain Demand within an Agreed Time Limit," Mathematics, MDPI, vol. 11(23), pages 1-21, November.
- Jin Qin & Xiqiong Li & Kang Yang & Guangming Xu, 2022. "Joint Optimization of Ticket Pricing Strategy and Train Stop Plan for High-Speed Railway: A Case Study," Mathematics, MDPI, vol. 10(10), pages 1-17, May.
- Li, Jianbin & Liu, Lang & Luo, Xiaomeng & Zhu, Stuart X., 2023. "Interactive bundle pricing strategy for online pharmacies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 177(C).
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Xu, Guangming & Liu, Yihan & Gao, Yihan & Liu, Wei, 2023. "Integrated optimization of train stopping plan and seat allocation scheme for railway systems under equilibrium travel choice and elastic demand," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 177(C).
- Xu, Guangming & Liu, Wei & Wu, Runfa & Yang, Hai, 2021. "A double time-scale passenger assignment model for high-speed railway networks with continuum capacity approximation," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 150(C).
- Wang, Xinchang & Wang, Hua & Zhang, Xiaoning, 2016. "Stochastic seat allocation models for passenger rail transportation under customer choice," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 96(C), pages 95-112.
- Xu, Guangming & Zhong, Linhuan & Liu, Wei & Guo, Jing, 2024. "A flexible train composition strategy with extra-long trains for high-speed railway corridors with time-varying demand," Transportation Research Part B: Methodological, Elsevier, vol. 179(C).
- Haque, Md Tabish & Hamid, Faiz, 2023. "Social distancing and revenue management—A post-pandemic adaptation for railways," Omega, Elsevier, vol. 114(C).
- Xiang Zhao & Xinghua Shan & Jinfei Wu, 2023. "The Impact of Seat Resource Fragmentation on Railway Network Revenue Management," Networks and Spatial Economics, Springer, vol. 23(1), pages 135-177, March.
- Yu Wang & Xinghua Shan & Hongye Wang & Junfeng Zhang & Xiaoyan Lv & Jinfei Wu, 2022. "Ticket Allocation Optimization of Fuxing Train Based on Overcrowding Control: An Empirical Study from China," Sustainability, MDPI, vol. 14(12), pages 1-12, June.
- Wuyang Yuan & Lei Nie & Xin Wu & Huiling Fu, 2018. "A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer," PLOS ONE, Public Library of Science, vol. 13(8), pages 1-23, August.
- Jin Qin & Yijia Zeng & Xia Yang & Yuxin He & Xuanke Wu & Wenxuan Qu, 2019. "Time-Dependent Pricing for High-Speed Railway in China Based on Revenue Management," Sustainability, MDPI, vol. 11(16), pages 1-18, August.
- Nayan, Ashish & Wang, David Z.W., 2017. "Optimal bus transit route packaging in a privatized contracting regime," Transportation Research Part A: Policy and Practice, Elsevier, vol. 97(C), pages 146-157.
- Haque, Md Tabish & Hamid, Faiz, 2022. "An optimization model to assign seats in long distance trains to minimize SARS-CoV-2 diffusion," Transportation Research Part A: Policy and Practice, Elsevier, vol. 162(C), pages 104-120.
- Tian, Qingyun & Wang, David Z.W. & Lin, Yun Hui, 2021. "Service operation design in a transit network with congested common lines," Transportation Research Part B: Methodological, Elsevier, vol. 144(C), pages 81-102.
- Syed Asif Raza & Rafi Ashrafi & Ali Akgunduz, 2020. "A bibliometric analysis of revenue management in airline industry," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(6), pages 436-465, December.
- Xueyi Guan & Jin Qin & Chenghui Mao & Wenliang Zhou, 2023. "A Literature Review of Railway Pricing Based on Revenue Management," Mathematics, MDPI, vol. 11(4), pages 1-17, February.
- Liu, Haoxiang & Szeto, W.Y. & Long, Jiancheng, 2019. "Bike network design problem with a path-size logit-based equilibrium constraint: Formulation, global optimization, and matheuristic," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 284-307.
- Wang, Yu & Liu, Haoxiang & Fan, Yinchao & Ding, Jianxun & Long, Jiancheng, 2022. "Large-scale multimodal transportation network models and algorithms-Part II: Network capacity and network design problem," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 167(C).
- Ma, Jie & Tse, Ying Kei & Wang, Xiaojun & Zhang, Minhao, 2019. "Examining customer perception and behaviour through social media research – An empirical study of the United Airlines overbooking crisis," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 127(C), pages 192-205.
- Zhang, Fang & Lu, Jian & Hu, Xiaojian & Meng, Qiang, 2023. "Integrated deployment of dedicated lane and roadside unit considering uncertain road capacity under the mixed-autonomy traffic environment," Transportation Research Part B: Methodological, Elsevier, vol. 174(C).
- Tan, Zhijia & Yang, Hai & Tan, Wei & Li, Zhichun, 2016. "Pareto-improving transportation network design and ownership regimes," Transportation Research Part B: Methodological, Elsevier, vol. 91(C), pages 292-309.
- Li, Hui & Dong, Xiucheng & Jiang, Qingzhe & Dong, Kangyin, 2021. "Policy analysis for high-speed rail in China: Evolution, evaluation, and expectation," Transport Policy, Elsevier, vol. 106(C), pages 37-53.
More about this item
Keywords
Passenger railway system; Pricing; Seat allocation; Global optimization;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:transe:v:157:y:2022:i:c:s1366554521003379. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/wps/find/journaldescription.cws_home/600244/description#description .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.