Railway Revenue Management: Overview and Models (Operations Research)
The railway industry offers similar revenue management opportunities to those found in the airline industry. The railway industry caters for the delivery and management of cargo as well as the transport of passengers. Unlike the airline industry, the railway industry has seen relatively little attention to revenue management problems. We provide an overview of the published literature for both passenger and freight rail revenue management. We include a summary of the some the available models and include some possible extensions. From the existing literature and talks with industry, it is clear that that there is room to exploit revenue management techniques in the railway industry, an industry that has revenues of $60 billion in the US and promises huge growth in Europe in the forthcoming years.
|Date of creation:||Jul 2010|
|Date of revision:||Jul 2010|
|Contact details of provider:|| Web page: http://www.lums.lancs.ac.uk/departments/ManSci/|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
When requesting a correction, please mention this item's handle: RePEc:lms:mansci:mrg-0019. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joern Meissner)
If references are entirely missing, you can add them using this form.