Dynamic Capacity Allocation for Optimal Revenue Management: A ULCC Data Driven Case Study

In the airline industry revenue and inventory is managed tightly, with the intent to sell each seat at the right price to the right customer at the right time. This does not always go to plan and seats remain unsold, or demand can be greater than what is available. The question then becomes how can capacity and revenue be managed more...

CHAIRS: A choice-based air transport simulator applied to airline competition and revenue management

In Revenue Management (RM) systems, information censoring and the interaction between the forecasting and optimization stages, increases the costs and complexity of performance analysis using historical data. An affordable and suitable alternative is using simulations, but appropriate behavioral models must be considered. In the following...

Revenue management with two fare classes in synchromodal container transportation

The cargo fare class mix (CFCM) problem aims to find the optimal fare class mix for a given intermodal transportation network based on known client demands. It is based on a revenue management problem for aviation passengers, the fare class mix problem, but considering intermodal cargo transportation, two major differences apply. Firstly, the...

Customer Acceptance of a Revenue Management Platform with Multi-Party Computation: Application of Multi-Party Computation to Revenue Management in the Semiconductor Industry

Research ProblemIn today’s competitive and fast-paced nature of conducting business in the semiconductor industry, the discipline of revenue management (RM) is often mentioned. Through a dynamic pricing capability, RM enables firms to maximize profits by capitalizing on missed revenues. Moreover, RM enables customers to receive products on short...

Optimizing the prices for airline flight passes

Flight pass is a new concept in which airline passengers pre-purchase a number of flights for a flat fee. This flat flee can be customized by the passenger and has an expiring date. Being an innovative concept, the industry is still lacking analytical support to define the prices for these passes. This research is aimed to fill this research...

BM roadmapping approach: overcoming the barriers for the implementation of Lead Time Based Pricing

This research explores the factors that challenge the implementation of Revenue Management (RM) in manufacturing industries. Previous research focused mainly on Order Management to explain how RM could be applied with studies that are mathematical by nature. However, there is no empirical study explaining the implementation process of RM in...

The Cargo Fare Class Mix problem for an intermodal corridor: revenue management in synchromodal container transportation

The intermodal hinterland transportation of maritime containers is under pressure from port authorities and shippers to achieve a more integrated, efficient network operation. Current optimisation methods in literature yield limited results in practice, though, as the transportation product structure limits the flexibility to optimise network...