Revenue Management: Research Overview and Prospects
Jeff McGill, Garrett J. van Ryzin
Abstract
Jeff McGill, Garrett J. van Ryzin
Abstract
This survey reviews the forty-year history of research on transportation revenue management (also known as yield management). We cover developments in forecasting, overbooking, seat inventory control, and pricing, as they relate to revenue management, and suggest future research directions. The survey includes a glossary of revenue management terminology and a bibliography of over 190 references.
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This survey reviews the forty-year history of research on transportation revenue management (also known as yield management). We cover developments in forecasting, overbooking, seat inventory control, and pricing, as they relate to revenue management, and suggest future research directions. The survey includes a glossary of revenue management terminology and a bibliography of over 190 references.
Key concepts: Revenue management, Yield management, Glossary, Revenue, Terminology, Revenue assurance, Business, Yield (engineering)