Journal article
On the structural properties of a discrete-time single product revenue management problem
S Aydin, Y Akçay, F Karaesmen
Operations Research Letters | ELSEVIER SCIENCE BV | Published : 2009
Abstract
We consider a multi-period revenue management problem in which multiple classes of demand arrive over time for the common inventory. The demand classes are differentiated by their revenues and their arrival distributions. We investigate monotonicity properties of varying problem parameters on the optimal reward and the policy. © 2009 Elsevier B.V. All rights reserved.
Grants
Funding Acknowledgements
This research was partially supported by TUBITAK and the TUBA-GEBIP programme. F. Karaesmen is grateful to the Dept. of Ind. Eng. and Man. Sci. of Northwestern University where part of this research was done.