Network revenue management with inventory-sensitive bid prices and customer choice

► Solution method for network revenue management problems with improved accuracy compared to other methods. ► Approximate dynamic programming approach with an arbitrary aggregation of inventory units. ► The algorithm allows a trade-off between solution quality and runtime. We develop an approximate...

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Bibliographic Details
Published in:	European journal of operational research Vol. 216; no. 2; pp. 459 - 468
Main Authors:	Meissner, Joern, Strauss, Arne
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 16.01.2012 Elsevier Elsevier Sequoia S.A
Subjects:	Agglomeration Applied sciences Approximate Approximation Decision theory. Utility theory Dynamic programming Dynamic programming/optimal control: applications Exact sciences and technology Inventories Inventory control, production control. Distribution Inventory management Markov analysis Markov processes Mathematical analysis Mathematical functions Mathematical models Mathematical programming Mathematics Networks Operational research and scientific management Operational research. Management science Probability and statistics Probability theory and stochastic processes Revenue management Revenues Sciences and techniques of general use Stockpiling Studies Approximate Revenue management Dynamic programming/optimal control: applications Dynamic programming/optimal control Markov decision Income Non linear function Return rate Network management Real time Modeling Workload Aggregation Logistic regression Upper bound Optimal control Inventory control Logit model Dynamic programming Tariffication applications
ISSN:	0377-2217, 1872-6860
Online Access:	Get full text
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