For revenue optimization problems in the literature on revenue management, supply chain management, and queueing systems, some assumptions (such as concavity of revenue functions or increasing generalized failure rate) are often needed to ensure the problems to be analytically tractable. We show that these assumptions are not necessary. For this, we present and study a parametric revenue maximi...

Revenue Management’s most cited definitions is probably “to sell the right accommodation to the right customer, at the right time and the right price, with optimal satisfaction for customers and hoteliers”. Smart Revenue Management (SRM) is a project, which aims the development of smart automatic techniques for an efficient optimization of occupancy and rates of hotel accommodations, commonly r...

To formulate a single-leg seat inventory control problem in an airline ticket sales system, the concept and techniques of revenue management are applied in this research. In this model, it is assumed the cabin capacity is stochastic and hence its exact size cannot be forecasted in advance, at the time of planning. There are two groups of early-reserving and late-purchasing customers demanding t...

the administrative, productive and many other company experienced exceeding evolution in management area. conducting quality management system according to iso 9000: 2000 on of these evolution process. thus in this paper tries to describe quality management paradigm from theoretic, structural an conceptual aspect then evaluated the relation between execution of quality management system and fin...

In this paper, we develop a new model to describe a dynamic revenue-sharing problem between an online shopping mall and a store in an E-commerce market. We formulate the revenue-sharing problem as a dynamic principal-agent problem, which is then transformed to a risk-sensitive stochastic optimal control problem where the objective of the risk-averse shopping mall is to find a risk-sensitive rev...

Revenue management has become an important tool in the airline, hotel, and rental car industries. We describe asymptotic properties of revenue management policies derived from the solution of a deterministic optimization problem. Our primary results state that, within a stochastic and dynamic framework, solutions arising out of a single well-known linear program can be used to generate allocati...

The paper explores the evolving role of the revenue manager and will argue the need for a formal revenue management (RM) qualification. When RM is deployed ineffectively this raises the financial risk inherent in the concept. Service firms need to clearly define RM roles and ensure those involved in RM have the right skill-set. With a view to regulating revenue management approaches, data was c...