We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare. An improvement in the efficiency of either taxes or spending would reduce political pressure for suppressing the growth of government and thereby increase total tax revenue and spending. We demonstrate the similarity of the political responses to rev...

Revenue management (RM) is the art and science of predicting consumer behavior and optimizing price and product availability to maximize revenue. RM models, despite their success and popularity, still remain somewhat simplistic. The most critical flaw is that current RM models are designed under the assumption that demands are independent random variables. The models are readily extended to com...

This paper addresses the recent discussions on business models for elearning. Throughout this paper, we contribute to this discussion by presenting evidence for the sustainability of e-learning projects at universities by discussing three cases of revenue models in the context of Learn@WU. The cases include an advertising, a sponsorship, and a content distribution model. The paper shows that th...

Efficiency in the use of resources stream-lined for expected conditions could lead to reduced system diversity and consequently endanger resilience. We tested the hypothesis of a trade-off between farm resource-use efficiency and land-use diversity. We applied stochastic frontier production models to assess the dependence of resource-use-efficiency on land-use diversity as illustrated by the Sh...

W e consider a supply chain with a supplier that sells to a retailer under a revenue-sharing arrangement. Demand is uncertain and unobservable to the supplier. We assume that the retailer is rational, that is, the retailer behaves opportunistically and underreports sales revenues to the supplier whenever such underreporting is profitable. Assuming the supplier has the ability to audit the retai...

The supply chain coordinating role of revenue-sharing has, to date, been examined only in static models. With downstream competition, the central conclusion in these models is negative: revenue-sharing cannot, except in degenerate form, achieve coordination. Incorporating dynamics, by allowing inventory carryover in discrete time, this paper establishes a foundation for revenue-sharing contract...

Revenue Assurance describes a methodology to increase a company’s income by determining where revenue gets lost, and to maximize their profits by eliminating revenue leakage and lowering operating costs. Especially in times of increasing data volume and more and more complex business and operational systems infrastructure, it is a challenge to find methods for detecting revenue leakage and its ...

Demand forecasting is a crucial component of revenue management, as forecasts are almost always inputs into optimization routines for pricing decisions. The performance of many revenue management systems often depends critically on the quality of demand forecasts. Indeed, industry estimates suggest that a 20% reduction of forecast error may lead to 1% incremental increase in revenue (Talluri an...