Browsing by Keywords "Revenue Management"
Now showing items 1-5 of 5
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Bundle pricing of inventories with stochastic demand
(Bilkent University, 2004)In this study, we consider the single period pricing of two perishable products which are sold individually and as a bundle. Demands come from a Poisson Process with a price-dependent rate. Assuming that the customers’ ... -
The effect of demand uncertainty on the decisions and revenues in the two-class revenue management model
(Bilgesel Yayincilik San. ve Tic. Ltd., 2015)We explore the impact of changes in market conditions on optimal allocation decisions and revenues, within the standard two-class revenue management framework, using stochastic dominance relations. We show that an increase ... -
On pricing of perishable assets with menu costs
(Elsevier, 2009-10)We consider dynamic pricing of perishable assets in the presence of price-sensitive renewal demand processes. Unlike the existing works in the literature, we explicitly incorporate non-negligible price change costs which ... -
Optimal bundle formation and pricing of two products with limited stock
(Bilkent University, 2005)In this study, we consider the stochastic modeling of a retail firm that sells two types of perishable products in a single period not only as independent items but also as a bundle. Our emphasis is on understanding the ... -
Style goods pricing with demand learning
(Elsevier, 2009-08-01)For many industries (e.g., apparel retailing) managing demand through price adjustments is often the only tool left to companies once the replenishment decisions are made. A significant amount of uncertainty about the ...