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| Author: | Baker, T. Murthy, N.N. |
| Title: | A framework for estimating benefits of using auctions in revenue management |
| Journal: | Decision Sciences
2002 : SUMMER, VOL. 33:3, p. 385-413 |
| Index terms: | Auctions Pricing Revenue Stochastic processes |
| Language: | eng |
| Abstract: | The auhtors develop a model to explore the benefits of incorporating auctions in revenue management. The authors consider three models, namely, a traditional fixed price (non-auction) model, a pure auction model, and a hybrid auction model and evaluate their revenue performance under a variety of conditions. |
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