In this paper, we consider the classical multi-fare, single resource (leg) problem in revenue management for the case where demand information is limited. Our approach employs a competitive analysis, which guarantees a certain performance level under all possible demand scenarios. The only information required about the demand for each fare class is lower and upper bounds. We consider both comp...

A two-stage inventory system is considered where Poisson demand occurs at Stage 1, and Stage 1 replenishes its inventory from Stage 2, which in turn orders from an outside supplier with unlimited stock. Each shipment, either to Stage 2 or to Stage 1, incurs a fixed setup cost. Under the assumption that the supply leadtime at Stage 2 is zero, we characterize a simple heuristic policy whose long-...

spurred by intensifying competition in global markets, most companies have been increasingly implementing supply chain management (scm) and information systems (is) practices. as well, globalization policies have created a more intensive competition amongst manufacturers; in additional the priority of supply over demand, market competition and importance of some factor such as quality, accounta...

We focus on residential electricity and gas demand, and ask three research questions. First, how does residential energy use respond to prices? We specifically wish to examine whether ownand cross-price elasticities have changed in recent years, given the evolution of the energy market. Second, is such responsiveness sensitive to equipment and energy choices that are not easily reversed (e.g., ...

A favorable trade balance is a positive indicator for emerging economies, and rectifying imbalances paramount every country. However, fixing deficits by depreciating the currency misguided policy approach. This study refutes this myth computing elasticity of Pakistan's exports, imports, using real exchange rate. It also examines degree to which elasticities respond changing regimes rate policie...

This paper studies optimal pricing and demand management policies for a firm that faces two streams of order types: one is composed of recurring regular jobs with pre-determined prices (exogenous prices) and the other involves big deals that require pricing proposals (endogenous prices). The probability to secure the big deals diminishes with the quoted price. The authors develop and compare op...

Water issues in Australia have been viewed in the context of diminishing and uncertain water security and increasing demand. Managing water demand and expanding existing water supply are priorities for Australian water management institutions. Water prices are rising or set to rise in most parts of the country, there are rebates to households who install water saving devices and appliances, and...