Structural properties of network revenue management models : an economic perspective

Morton, Alec (2006) Structural properties of network revenue management models : an economic perspective. Naval Research Logistics, 53 (8). pp. 748-760.

Full text not available in this repository.Request a copy from the Strathclyde author

Abstract

Many revenue management problems have a network aspect. In this paper, we argue that a network can be thought of as a system of substitutable and complementary products, and the value of a revenue management model should be supermodular or submodular in the availability of two resources as the resources are economic substitutes or complements. We demonstrate that this is true in the case of a two-resource dynamic stochastic revenue management model and show how this applies for multi-resource deterministic static revenue management models.

Creators(s): Morton, Alec ORCID logoORCID: https://orcid.org/0000-0003-3803-8517;
Item type:Article
ID code:45452
Keywords:structural properties, network revenue management models, economic perspective, supermodularity, monotonicity, revenue management, complementarity, Management. Industrial Management, Strategy and Management
Subjects:Social Sciences > Industries. Land use. Labor > Management. Industrial Management
Department:Strathclyde Business School > Management Science
Depositing user: Pure Administrator
Date deposited:28 Oct 2013 18:01
Last modified:20 Jan 2021 20:56
URI:https://strathprints.strath.ac.uk/id/eprint/45452
Export data:
CORE (COnnecting REpositories)