Risk-Averse Capacity Control in Revenue Management

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"If necessity is the mother of invention, then deregulation is the father, and r- enue management (also known as yield management) is the couple's golden child - at least as far as operations research is concerned." (Horner, 2000, p. 47) Deregulation had a signi?cant impact on the U.S. airline industry in the late 1970s. Charter and low-cost airlines such as People Express and Southwest wereabletoo?erseatsatafractionofthepricechargedbyestablishedcarriers like Pan Am and American Airlines. Due to their di?erent cost ...

Risk-Averse Capacity Control in Revenue Management 2007, Springer, Berlin, Germany

ISBN-13: 9783540730132

2007 edition

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