Now showing items 1-10 of 10

    • Bundle pricing of inventories with stochastic demand 

      Bulut, Z.; Gürler, U.; Şen, A. (Elsevier, 2009)
      We consider a retailer selling a fixed inventory of two perishable products over a finite horizon. Assuming Poisson arrivals and a bivariate reservation price distribution, we determine the optimal product and bundle prices ...
    • A comparison of fixed and dynamic pricing policies in revenue management 

      Şen, A. (2013)
      We consider the problem of selling a fixed capacity or inventory of items over a finite selling period. Earlier research has shown that using a properly set fixed price during the selling period is asymptotically optimal ...
    • Competitive markdown timing for perishable and substitutable products☆ 

      Şen, A. (Elsevier, 2016-10)
      We model as a duopoly two firms selling their fixed stocks of two substitutable items over a selling season. Each firm starts with an initial price, and has the option to decrease the price once. The problem for each firm ...
    • Dynamic pricing under inventory considerations and price protection 

      Yıldız, Barış (Bilkent University, 2015-05)
      In high-tech industry, customers’ tendency to purchase the newest versions of products forces manufacturers to reduce the prices of older models. This puts the retailers in a vulnerable position as their own sales prices ...
    • The impact of decision types on revenue management decisions: an experimental study 

      Kocabıyıkoğlu, A.; Göğüş, C. I.; Hekimoğlu, M. H. (Blackwell Publishing, 2018)
      In the standard two-class revenue management model, the decision maker allocates a fixed resource between two customer classes with hierarchical prices and uncertain demand. The normative (i.e., expected revenue-maximizing) ...
    • Missed flight cover design 

      Çelik, Beyza (Bilkent University, 2019-07)
      Missed flight cover is an option with a price and validity period and is a source of ancillary revenues for the airline companies and helps passengers, who missed their flights, resume their journeys at reduced costs. ...
    • Optimal bundle formation and pricing of two products with limited stock 

      Gürler Ü.; Öztop, S.; Şen, A. (2009)
      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 ...
    • Performance bounds on optimal fixed prices 

      Şen, A. (2013)
      We consider the problem of selling a fixed stock of items over a finite horizon when the buyers arrive following a Poisson process. We obtain a general lower bound on the performance of using a fixed price rather than ...
    • Pricing and revenue management: the value of coordination 

      Kocabiyikoǧlu, A.; Popescu, I.; Stefanescu, C. (INFORMS Inst.for Operations Res.and the Management Sciences, 2014)
      The integration of systems for pricing and revenue management must trade off potential revenue gains against significant practical and technical challenges. This dilemma motivates us to investigate the value of coordinating ...
    • Revenue management vs. newsvendor decisions: does behavioral response mirror normative equivalence? 

      Kocabiyikoglu, A.; Gogus, C. I.; Gonul, M. S. (Wiley-Blackwell, 2015)
      We study and compare decision-making behavior under the newsvendor and the two-class revenue management models, in an experimental setting. We observe that, under both problems, decision makers deviate significantly from ...