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Operations Research in Rail Pricing and Revenue Management

In: Handbook of Operations Research Applications at Railroads

Author

Listed:
  • Michael F. Gorman

    (University of Dayton, School of Business)

Abstract

Market-based pricing decisions in U.S. freight rail are relatively new. Prior to 1980, U.S. freight rail prices were closely regulated by the federal government, leaving little flexibility for railroads to manage prices, and to a large degree handicapping the railroads financially. Since 1980, railroads have undergone an operating renaissance, rationalizing both physical plant and operating plan efficiencies. At the same time, while still obligated to “common carrier” commitments to continue service, railroads have been freed to price services according to market forces.

Suggested Citation

  • Michael F. Gorman, 2015. "Operations Research in Rail Pricing and Revenue Management," International Series in Operations Research & Management Science, in: Bruce W. Patty (ed.), Handbook of Operations Research Applications at Railroads, edition 127, chapter 0, pages 243-254, Springer.
    • Handle: RePEc:spr:isochp:978-1-4899-7571-3_10
    DOI: 10.1007/978-1-4899-7571-3_10
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    Cited by:

    1. 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.
    2. Wang, Hua & Wang, Xinchang & Zhang, Xiaoning, 2017. "Dynamic resource allocation for intermodal freight transportation with network effects: Approximations and algorithms," Transportation Research Part B: Methodological, Elsevier, vol. 99(C), pages 83-112.
    3. Wang, Xinchang, 2016. "Stochastic resource allocation for containerized cargo transportation networks when capacities are uncertain," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 93(C), pages 334-357.

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