Bid-Price Controls for Network Revenue Management: Martingale Characterization of Optimal Bid Prices

We consider a continuous-time, rate-based model of network revenue management. Under mild assumptions, we construct a simple -optimal bid-price control, which can be viewed as a perturbation of a bid-price control in the classical sense [Williamson, E. L. 1992. Airline network seat control. Ph.D. th...

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Veröffentlicht in:	Mathematics of operations research Jg. 34; H. 4; S. 912 - 936
Hauptverfasser:	Akan, Mustafa, Ata, Baris
Format:	Journal Article
Sprache:	Englisch
Veröffentlicht:	Linthicum INFORMS 01.11.2009 Institute for Operations Research and the Management Sciences
Schlagworte:	Analysis Bid prices bid-price controls Bids Cost control Integrands Martingales Mathematical functions Mathematical theorems Mathematical vectors network revenue management Operations research Optimal solutions Portfolio management Price regulations Pricing Revenue Revenue management Stochastic models Studies Trajectories United States
ISSN:	0364-765X, 1526-5471
Online-Zugang:	Volltext
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