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| Author: | Talluri, K. Ryzin, G. |
| Title: | An analysis of bid-price controls for network revenue management |
| Journal: | Management Science
1998 : NOV, VOL. 44:1, PART 1 OF 2, p. 1577-1593 |
| Index terms: | MANAGEMENT PRICE CONTROL REVENUE |
| Language: | eng |
| Abstract: | Bid-prices are becoming an increasingly popular method for controlling the sale of inventory in revenue management applications. In this form of control, threshold, or "bid" prices, are set for the resources or units of inventory and a product is sold only if the offered fare exceeds the sum of the threshold prices of all the resources needed to supply the product. This approach is appealing on intuitive and practical grounds, but the theory underlying it is not well developed. |
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