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.
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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: 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: | 10 Jul 2020 01:31 |
| URI: | https://strathprints.strath.ac.uk/id/eprint/45452 |
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