A Survey on Risk-Averse and Robust Revenue Management - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Survey on Risk-Averse and Robust Revenue Management write by Jochen Gönsch. This book was released on 2018. A Survey on Risk-Averse and Robust Revenue Management available in PDF, EPUB and Kindle. Many industries use revenue management to balance uncertain, stochastic demand and inflexible capacity. Popular examples include airlines, hotels, car rentals, retailing, and manufacturing. The classical revenue management approaches considered in theory and practice are based on two assumptions. First, demand - as the only uncertain variable - follows a known distribution and, second, risk-neutrality justifies the maximization of expected revenue. Recently, two related streams of literature emerged that do not need these assumptions. Research on risk-averse revenue management acknowledges that, in practice, many decision makers are risk-averse. Research on robust revenue management focuses worst-case scenarios without a known demand distribution, which is especially relevant for new and extremely unstable businesses.This paper motivates the consideration of risk-averse and robust revenue management. We briefly introduce revenue managements' two main methods - capacity control and dynamic pricing - in the classical, risk-neutral setting. Then, we provide an exhaustive review of the literature on risk-averse and robust capacity control and dynamic pricing. In doing so, the relevant decision criteria are briefly introduced. Finally, possible avenues for future research are outlined.
Revenue Management in the Lodging Industry
Revenue Management in the Lodging Industry - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Revenue Management in the Lodging Industry write by Ben Vinod. This book was released on 2022-10-31. Revenue Management in the Lodging Industry available in PDF, EPUB and Kindle. This book provides an end-to-end view of revenue management in the hospitality industry. The book highlights the origins of hotel reservations systems and revenue management, challenges unique to hotels, revenue management models, new generation retailing, and personalization and steps required to remain competitive in the marketplace. This book is intended for practitioners to understand the basics and have a comprehensive view of the impacts of revenue management on product distribution, reservations, inventory control, including the latest advances in the field of attribute-based room pricing and inventory control. There are several aspects of revenue management that are not covered in books and journal articles such as hotel pricing, hotel fully allocated costs, content parity, impact of Online Travel Agencies on hotels, competitive revenue management and attribute-based room pricing and inventory control which represents the last frontier in hotel revenue management with intelligent retailing. Leveraging emerging technologies, such as Artificial Intelligence and Blockchain and the future state of revenue management, are also addressed.
Applications in Statistical Computing
Applications in Statistical Computing - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Applications in Statistical Computing write by Nadja Bauer. This book was released on 2019-10-12. Applications in Statistical Computing available in PDF, EPUB and Kindle. This volume presents a selection of research papers on various topics at the interface of statistics and computer science. Emphasis is put on the practical applications of statistical methods in various disciplines, using machine learning and other computational methods. The book covers fields of research including the design of experiments, computational statistics, music data analysis, statistical process control, biometrics, industrial engineering, and econometrics. Gathering innovative, high-quality and scientifically relevant contributions, the volume was published in honor of Claus Weihs, Professor of Computational Statistics at TU Dortmund University, on the occasion of his 66th birthday.
Robust Revenue Management with Limited Information
Robust Revenue Management with Limited Information - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Robust Revenue Management with Limited Information write by Yingjie Lan. This book was released on 2009. Robust Revenue Management with Limited Information available in PDF, EPUB and Kindle.
Eurasian Business Perspectives
Eurasian Business Perspectives - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Eurasian Business Perspectives write by Mehmet Huseyin Bilgin. This book was released on 2019-06-03. Eurasian Business Perspectives available in PDF, EPUB and Kindle. This volume of Eurasian Studies in Business and Economics includes selected papers from the 24th Eurasia Business and Economics Society (EBES) Conference, held in Bangkok. The theoretical and empirical papers gathered here cover diverse areas of business and management from different geographic regions; yet the main focus is on the latest findings on evolving marketing methods, analytics, communication standards, and their effects on customer value and engagement. The volume also includes related studies that analyze sustainable consumer behavior, and business strategy-related topics such as cross-border restructuring, quality management standards, and the internationalization of SMEs.
