Structural properties of network revenue management models: an economic perspective

Research output: Contribution to journalArticle

5 Citations (Scopus)

Abstract

Many revenue management problems have a network aspect. In this paper, we argue that a network can be thought of as a system of substitutable and complementary products, and the value of a revenue management model should be supermodular or submodular in the availability of two resources as the resources are economic substitutes or complements. We demonstrate that this is true in the case of a two-resource dynamic stochastic revenue management model and show how this applies for multi-resource deterministic static revenue management models.
LanguageEnglish
Pages748-760
Number of pages13
JournalNaval Research Logistics
Volume53
Issue number8
Early online date12 Jun 2006
DOIs
Publication statusPublished - Dec 2006

Fingerprint

Revenue Management
Network Management
Structural Properties
Structural properties
Economics
Resources
Stochastic Dynamics
Substitute
Model
Availability
Complement
Management model
Revenue management
Demonstrate

Keywords

  • structural properties
  • network revenue management models
  • economic perspective
  • supermodularity
  • monotonicity
  • revenue management
  • complementarity

Cite this

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Structural properties of network revenue management models : an economic perspective. / Morton, Alec.

In: Naval Research Logistics , Vol. 53, No. 8, 12.2006, p. 748-760.

Research output: Contribution to journalArticle

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