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An overview of research on revenue management: current issues and future research

Citations

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Cited by:

  1. Zhe Yuan & Haoxuan Xu & Yeming (Yale) Gong & Chengbin Chu & Jinlong Zhang, 2017. "Designing public storage warehouses with high demand for revenue maximisation," International Journal of Production Research, Taylor & Francis Journals, vol. 55(13), pages 3686-3700, July.
  2. Daniel Sturm & Kathrin Fischer, 2019. "A cabin capacity allocation model for revenue management in the cruise industry," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(6), pages 441-450, December.
  3. 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.
  4. Torsten J. Gerpott & Jan Berends, 2022. "Competitive pricing on online markets: a literature review," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(6), pages 596-622, December.
  5. Geng, Na & Xie, Xiaolan, 2012. "Optimizing contracted resource capacity with two advance cancelation modes," European Journal of Operational Research, Elsevier, vol. 221(3), pages 501-512.
  6. Meissner, Joern & Strauss, Arne, 2012. "Network revenue management with inventory-sensitive bid prices and customer choice," European Journal of Operational Research, Elsevier, vol. 216(2), pages 459-468.
  7. Kimms, Alf & Çetiner, Demet, 2012. "Approximate nucleolus-based revenue sharing in airline alliances," European Journal of Operational Research, Elsevier, vol. 220(2), pages 510-521.
  8. Larry Weatherford, 2016. "The history of forecasting models in revenue management," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(3), pages 212-221, July.
  9. Maddah, Bacel & Moussawi-Haidar, Lama & El-Taha, Muhammad & Rida, Hussein, 2010. "Dynamic cruise ship revenue management," European Journal of Operational Research, Elsevier, vol. 207(1), pages 445-455, November.
  10. Meissner, Joern & Strauss, Arne, 2012. "Improved bid prices for choice-based network revenue management," European Journal of Operational Research, Elsevier, vol. 217(2), pages 417-427.
  11. Tomasz Korol & Anestis Fotiadis, 2016. "Applying Fuzzy Logic of Expert Knowledge for Accurate Predictive Algorithms of Customer Traffic Flows in Theme Parks," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(06), pages 1451-1468, November.
  12. Gönsch, Jochen, 2017. "A survey on risk-averse and robust revenue management," European Journal of Operational Research, Elsevier, vol. 263(2), pages 337-348.
  13. Fuchs, Matthias & Eybl, Alexander & Höpken, Wolfram, 2011. "Successfully selling accommodation packages at online auctions – The case of eBay Austria," Tourism Management, Elsevier, vol. 32(5), pages 1166-1175.
  14. Nicolas Houy & François Le Grand, 2015. "The Monte Carlo first-come-first-served heuristic for network revenue management," Working Papers halshs-01155698, HAL.
  15. Schön, Cornelia, 2010. "Optimal dynamic price selection under attraction choice models," European Journal of Operational Research, Elsevier, vol. 205(3), pages 650-660, September.
  16. Lazov, Igor, 2017. "Profit management of car rental companies," European Journal of Operational Research, Elsevier, vol. 258(1), pages 307-314.
  17. Guerriero, Francesca & Miglionico, Giovanna & Olivito, Filomena, 2012. "Revenue management policies for the truck rental industry," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 48(1), pages 202-214.
  18. Siyun Yu & Vidyadhar G. Kulkarni & Vinayak Deshpande, 2020. "Appointment Scheduling for a Health Care Facility with Series Patients," Production and Operations Management, Production and Operations Management Society, vol. 29(2), pages 388-409, February.
  19. Fukushi, Mitsuyoshi & Delgado, Felipe & Raveau, Sebastián & Santos, Bruno F., 2022. "CHAIRS: A choice-based air transport simulator applied to airline competition and revenue management," Transportation Research Part A: Policy and Practice, Elsevier, vol. 155(C), pages 297-315.
  20. Leask, Anna, 2010. "Progress in visitor attraction research: Towards more effective management," Tourism Management, Elsevier, vol. 31(2), pages 155-166.
  21. Özkan, Can & Karaesmen, Fikri & Özekici, Süleyman, 2013. "Structural properties of Markov modulated revenue management problems," European Journal of Operational Research, Elsevier, vol. 225(2), pages 324-331.
  22. Raza, Syed Asif, 2015. "An integrated approach to price differentiation and inventory decisions with demand leakage," International Journal of Production Economics, Elsevier, vol. 164(C), pages 105-117.
  23. Choi, Tsan-Ming & Chow, Pui-Sze & Xiao, Tiaojun, 2012. "Electronic price-testing scheme for fashion retailing with information updating," International Journal of Production Economics, Elsevier, vol. 140(1), pages 396-406.
  24. Doan, Xuan Vinh & Lei, Xiao & Shen, Siqian, 2020. "Pricing of reusable resources under ambiguous distributions of demand and service time with emerging applications," European Journal of Operational Research, Elsevier, vol. 282(1), pages 235-251.
  25. Anand Iyengar & Ketan Suri, 2012. "Customer profitability analysis an avant-garde approach to revenue optimisation in hotels," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 6(1/2), pages 127-143.
  26. Klein, Robert & Koch, Sebastian & Steinhardt, Claudius & Strauss, Arne K., 2020. "A review of revenue management: Recent generalizations and advances in industry applications," European Journal of Operational Research, Elsevier, vol. 284(2), pages 397-412.
  27. Haensel, Alwin & Koole, Ger, 2011. "Booking horizon forecasting with dynamic updating: A case study of hotel reservation data," International Journal of Forecasting, Elsevier, vol. 27(3), pages 942-960, July.
  28. Steinhardt, Claudius & Gönsch, Jochen, 2012. "Integrated revenue management approaches for capacity control with planned upgrades," European Journal of Operational Research, Elsevier, vol. 223(2), pages 380-391.
  29. Rath, Srushti & Chow, Joseph Y.J., 2022. "Air taxi skyport location problem with single-allocation choice-constrained elastic demand for airport access," Journal of Air Transport Management, Elsevier, vol. 105(C).
  30. Koenig, Matthias & Meissner, Joern, 2015. "Value-at-risk optimal policies for revenue management problems," International Journal of Production Economics, Elsevier, vol. 166(C), pages 11-19.
  31. Huang, Kuancheng & Lin, Chia-Yi, 2014. "A simulation analysis for the re-solving issue of the network revenue management problem," Journal of Air Transport Management, Elsevier, vol. 38(C), pages 36-42.
  32. Nur’Hidayah Che Ahmat & Salleh Mohd Radzi & Mohd Salehuddin Mohd Zahari & Rosmaliza Muhammad & Azdel Abdul Aziz & Nor Azmi Ahmad, 2011. "The Effect Of Factors Influencing The Perception Of Price Fairness Towards Customer Response Behaviors," Journal of Global Management, Global Research Agency, vol. 2(1), pages 22-38, July.
  33. Guerriero, Francesca & Miglionico, Giovanna & Olivito, Filomena, 2014. "Strategic and operational decisions in restaurant revenue management," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1119-1132.
  34. Hultkrantz, Lars, 2012. "A Note on High-Speed Rail Investments and Travelers’ Value of Time," Working Papers 2012:13, Örebro University, School of Business.
  35. H Xiong & J Xie & X Deng, 2011. "Risk-averse decision making in overbooking problem," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(9), pages 1655-1665, September.
  36. Grace Suk Ha Chan & Basak Denizci Guillet, 2016. "A New Revenue Management Framework for Hong Kong Travel Agencies," Journal of Management and Sustainability, Canadian Center of Science and Education, vol. 6(3), pages 57-67, September.
  37. Natalia Vila & Manuel Córcoles, 2011. "Yield Management and Airline Strategic Groups," Tourism Economics, , vol. 17(2), pages 261-278, April.
  38. Ming Yin & Zheng Wan & Kap Hwan Kim & Shi Yuan Zheng, 2019. "An optimal variable pricing model for container line revenue management systems," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 21(2), pages 173-191, June.
  39. Nicolas Houy & François Le Grand, 2015. "Financing and advising with (over)confident entrepreneurs : an experimental investigation," Working Papers 1514, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
  40. Yoon, Moon Gil & Lee, Hwi Young & Song, Yoon Sook, 2012. "Linear approximation approach for a stochastic seat allocation problem with cancellation & refund policy in airlines," Journal of Air Transport Management, Elsevier, vol. 23(C), pages 41-46.
  41. Nur’Hidayah Che Ahmat Author_Email: nurhidayahcheahmat@gmail.com & Salleh Mohd Radzi & Mohd Salehuddin Mohd Zahari & Rosmaliza Muhammad, 2011. "The Effect Of Factors Influencing The Perception Of Price Fairness Towards Customer Response Behaviors," 2nd International Conference on Business and Economic Research (2nd ICBER 2011) Proceeding 2011-169, Conference Master Resources.
  42. Mohammad Mahdi Kashef & Azamat Uzbekov & Jorn Altmann & Matthias Hovestadt, 2013. "Comparison of Two Yield Management Strategies for Cloud Service Providers," TEMEP Discussion Papers 2013103, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised May 2013.
  43. Graziano Abrate & Giampaolo Viglia & Javier Sanchez García & Santiago Forgas-Coll, 2016. "Price Competition within and between Airlines and High-Speed Trains: The Case of the Milan—Rome Route," Tourism Economics, , vol. 22(2), pages 311-323, April.
  44. Guadix, José & Cortés, Pablo & Onieva, Luis & Muñuzuri, Jesús, 2010. "Technology revenue management system for customer groups in hotels," Journal of Business Research, Elsevier, vol. 63(5), pages 519-527, May.
  45. Stanislav H. Ivanov, 2015. "Optimal Overbooking Limits for a Hotel with Three Room Types and with Upgrade and dOwngrade Constraints," Tourism Economics, , vol. 21(1), pages 223-240, February.
  46. E. Martinez-De-Pison & J. Fernandez-Ceniceros & A. V. Pernia-Espinoza & F. J. Martinez-De-Pison & Andres Sanz-Garcia, 2016. "Hotel Reservation Forecasting Using Flexible Soft Computing Techniques: A Case of Study in a Spanish Hotel," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 15(05), pages 1211-1234, September.
  47. Dimitrios M. Emiris & Charis A. Marentakis, 2012. "Enhancement of revenue management strategies through location-aware m-auctions for logistics services," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 6(1/2), pages 102-126.
  48. Miquel Carreras-Simó, 2016. "Advanced sales and competition in a service industry," International Journal of Revenue Management, Inderscience Enterprises Ltd, vol. 9(1), pages 1-16.
  49. Owusu Boahen & Emmanuel Kweku Quansah & Owusu Kwame Sarpong, 2013. "Assessing the Benefits of Yield Management in the Hospitality Industry in Kumasi Metropolis of Ghana," International Journal of Business and Social Research, MIR Center for Socio-Economic Research, vol. 3(9), pages 17-25, July.
  50. Tsai, Tsung-Hsien, 2016. "Homogeneous service with heterogeneous products: Relationships among airline ticket fares and purchase fences," Journal of Air Transport Management, Elsevier, vol. 55(C), pages 164-175.
  51. Shuyu Zhou & Yeming (Yale) Gong & René de Koster, 2016. "Designing self-storage warehouses with customer choice," International Journal of Production Research, Taylor & Francis Journals, vol. 54(10), pages 3080-3104, May.
  52. Larry Weatherford, 2016. "The history of unconstraining models in revenue management," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(3), pages 222-228, July.
  53. 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.
  54. Catherine Cleophas & Daniel Kadatz & Sebastian Vock, 2017. "Resilient revenue management: a literature survey of recent theoretical advances," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 16(5), pages 483-498, October.
  55. Mohit Tyagi & Nomesh B. Bolia, 2022. "Approaches for restaurant revenue management," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(1), pages 17-35, February.
  56. 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.
  57. Strauss, Arne K. & Klein, Robert & Steinhardt, Claudius, 2018. "A review of choice-based revenue management: Theory and methods," European Journal of Operational Research, Elsevier, vol. 271(2), pages 375-387.
  58. Jochen Gönsch & Michael Hassler & Rouven Schur, 2018. "Optimizing conditional value-at-risk in dynamic pricing," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 40(3), pages 711-750, July.
  59. Grauberger, W. & Kimms, A., 2014. "Computing approximate Nash equilibria in general network revenue management games," European Journal of Operational Research, Elsevier, vol. 237(3), pages 1008-1020.
  60. Syed Asif Raza, 2020. "Price Differentiation and Inventory Decisions in a Socially Responsible Dual-Channel Supply Chain with Partial Information Stochastic Demand and Cannibalization," Sustainability, MDPI, vol. 12(22), pages 1-42, November.
  61. Ilya V. Naumov & Vladislav M. Sedelnikov, 2021. "Scenario modelling and forecasting of spatial transformation in the Russian catering market," Upravlenets, Ural State University of Economics, vol. 12(4), pages 75-91, September.
  62. Oleg Shcherbina & Elena Shembeleva, 2014. "Modeling recreational systems using optimization techniques and information technologies," Annals of Operations Research, Springer, vol. 221(1), pages 309-329, October.
  63. von Schéele, Fabian & Haftor, Darek M. & Pashkevich, Natallia, 2020. "Cognitive time as a service price determinant: Hidden dynamics and price collapse," Journal of Business Research, Elsevier, vol. 112(C), pages 248-253.
  64. Bruno Marques, 2016. "Transport-Tourism: Capacity Coordination [Tourisme-Transport : Capacite De Coordination]," Working Papers hal-01265818, HAL.
  65. Stefanus Jasin, 2015. "Performance of an LP-Based Control for Revenue Management with Unknown Demand Parameters," Operations Research, INFORMS, vol. 63(4), pages 909-915, August.
  66. Ünsal Özdilek, 2019. "Scientific basis of value and valuation," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(3), pages 266-277, June.
  67. Scotti, Davide & Dresner, Martin, 2015. "The impact of baggage fees on passenger demand on US air routes," Transport Policy, Elsevier, vol. 43(C), pages 4-10.
  68. Hong, Zhaofu & Wang, Hao & Yu, Yugang, 2018. "Green product pricing with non-green product reference," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 115(C), pages 1-15.
  69. Pırıl Tekin & Rızvan Erol, 2017. "A New Dynamic Pricing Model for the Effective Sustainability of Perishable Product Life Cycle," Sustainability, MDPI, vol. 9(8), pages 1-22, July.
  70. Hans Buhl & Robert Klein & Johannes Kolb & Andrea Landherr, 2011. "CR 2 M—an approach for capacity control considering long-term effects on the value of a customer for the company," Metrika: International Journal for Theoretical and Applied Statistics, Springer, vol. 22(2), pages 187-204, December.
  71. Miguel Ángel Domingo-Carrillo & Esther Chávez-Miranda & María Dolores Cubiles-de la Vega, 2017. "Journal segmentation and competitive position based on revenue management research publications," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 16(5), pages 466-482, October.
  72. Dutta, Goutam & Pachisia, Divya, 2014. "Forecast Accuracy Along Booking Profile in the National Railways of an Emerging Asian Economy: Comparison of Different Techniques," IIMA Working Papers WP2014-10-01, Indian Institute of Management Ahmedabad, Research and Publication Department.
  73. C. I. Chiang, 2023. "Availability control under online reviews in hospitality," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 22(5), pages 385-398, October.
  74. Quante, R. & Fleischmann, M. & Meyr, H., 2009. "A Stochastic Dynamic Programming Approach to Revenue Management in a Make-to-Stock Production System," ERIM Report Series Research in Management ERS-2009-015-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  75. Schur, Rouven & Gönsch, Jochen & Hassler, Michael, 2019. "Time-consistent, risk-averse dynamic pricing," European Journal of Operational Research, Elsevier, vol. 277(2), pages 587-603.
  76. Bruno Marques, 2016. "Tourisme-Transport : Capacity Coordination [Tourisme-Transport : Capacité De Coordination]," Working Papers hal-01265798, HAL.
  77. Valerio Lacagnina & Davide Provenzano, 2016. "An integrated fuzzy-stochastic model for revenue management," Tourism Economics, , vol. 22(4), pages 779-792, August.
  78. Klein, Robert & Kolb, Johannes, 2015. "Maximizing customer equity subject to capacity constraints," Omega, Elsevier, vol. 55(C), pages 111-125.
  79. Owusu Boahen & Emmanuel Kweku Quansah & Owusu Kwame Sarpong, 2013. "Assessing the Benefits of Yield Management in the Hospitality Industry in Kumasi Metropolis of Ghana," International Journal of Business and Social Research, LAR Center Press, vol. 3(9), pages 17-25, September.
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