Abstract This paper presents an automated approach for providing ranked lists of outliers in observed demand to support analysts network revenue management. Such management, e.g. railway itineraries, needs accurate forecasts. However, across or parts a complicate forecasting, and the structure makes such hard detect. We propose two-step combining clustering with functional outlier detection ide...

This paper argues that advanced demand exhibit three characteristics – that of being probabilistic, stochastic and deterministic. Deterministic demand results in revenue management practices being cross-functional. The paper proposes a new revenue management system that integrates four decision sets of the firm: the value set, the segmentation set, the sensitivity set and the forecasting set. A...

Hotels can apply revenue-management systems to their function spaces—and boost the revenue contribution from those spaces.

Pricing and revenue optimization, defined as the formulation and solution of tactical pricing decisions using constrained optimization, is becoming an increasingly popular subject to be taught at the MBA level. Perhaps the best-known example of pricing and revenue optimization is revenue management whereby airlines, hotels, and other companies seek to maximize operating contribution by opening ...