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Resilient revenue management: A literature survey of recent theoretical advances

Research output: Contribution to journalJournal article

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Resilient revenue management : A literature survey of recent theoretical advances. / Cleophas, Catherine; Kadatz, Daniel; Vock, Sebastian.

In: Journal of Revenue and Pricing Management, Vol. 16, No. 5, 01.10.2017, p. 483-498.

Research output: Contribution to journalJournal article

Harvard

Cleophas, C, Kadatz, D & Vock, S 2017, 'Resilient revenue management: A literature survey of recent theoretical advances', Journal of Revenue and Pricing Management, vol. 16, no. 5, pp. 483-498. https://doi.org/10.1057/s41272-017-0087-z

APA

Cleophas, C., Kadatz, D., & Vock, S. (2017). Resilient revenue management: A literature survey of recent theoretical advances. Journal of Revenue and Pricing Management, 16(5), 483-498. https://doi.org/10.1057/s41272-017-0087-z

Vancouver

Cleophas C, Kadatz D, Vock S. Resilient revenue management: A literature survey of recent theoretical advances. Journal of Revenue and Pricing Management. 2017 Oct 1;16(5):483-498. https://doi.org/10.1057/s41272-017-0087-z

Author

Cleophas, Catherine ; Kadatz, Daniel ; Vock, Sebastian. / Resilient revenue management : A literature survey of recent theoretical advances. In: Journal of Revenue and Pricing Management. 2017 ; Vol. 16, No. 5. pp. 483-498.

Bibtex

@article{730453c98d03418089680b1e2426d9d0,
title = "Resilient revenue management: A literature survey of recent theoretical advances",
abstract = "Recently, resilience has emerged as a concept that describes a system's ability to persist and adapt under uncertainty. Revenue management is a textbook example of planning under uncertainty-A ny revenue optimisation model relies on a range of assumptions, among them the accuracy of the demand forecast. Revenue management's objective is to maximise revenue given uncertain market conditions, capacity, and even fares. This contribution reviews recent advances in making revenue management more resilient. To this end, it identifies and categorises uncertainties that affect the revenue management process. In the resulting framework, we review contributions aiming to increase solutions' ability to persist or adapt, listing relevant references by their focus and character. Thereby, we contribute a comprehensive review of research accumulated in the last ten years, outline a research agenda, and thus prepare the ground for further research efforts.",
keywords = "Air transport, resilience, revenue management, risk, uncertainty",
author = "Catherine Cleophas and Daniel Kadatz and Sebastian Vock",
note = "The final publication is available at Springer via http://dx.doi.org/10.1057/s41272-017-0087-z",
year = "2017",
month = oct,
day = "1",
doi = "10.1057/s41272-017-0087-z",
language = "English",
volume = "16",
pages = "483--498",
journal = "Journal of Revenue and Pricing Management",
issn = "1476-6930",
publisher = "Palgrave Macmillan Ltd.",
number = "5",

}

RIS

TY - JOUR

T1 - Resilient revenue management

T2 - A literature survey of recent theoretical advances

AU - Cleophas, Catherine

AU - Kadatz, Daniel

AU - Vock, Sebastian

N1 - The final publication is available at Springer via http://dx.doi.org/10.1057/s41272-017-0087-z

PY - 2017/10/1

Y1 - 2017/10/1

N2 - Recently, resilience has emerged as a concept that describes a system's ability to persist and adapt under uncertainty. Revenue management is a textbook example of planning under uncertainty-A ny revenue optimisation model relies on a range of assumptions, among them the accuracy of the demand forecast. Revenue management's objective is to maximise revenue given uncertain market conditions, capacity, and even fares. This contribution reviews recent advances in making revenue management more resilient. To this end, it identifies and categorises uncertainties that affect the revenue management process. In the resulting framework, we review contributions aiming to increase solutions' ability to persist or adapt, listing relevant references by their focus and character. Thereby, we contribute a comprehensive review of research accumulated in the last ten years, outline a research agenda, and thus prepare the ground for further research efforts.

AB - Recently, resilience has emerged as a concept that describes a system's ability to persist and adapt under uncertainty. Revenue management is a textbook example of planning under uncertainty-A ny revenue optimisation model relies on a range of assumptions, among them the accuracy of the demand forecast. Revenue management's objective is to maximise revenue given uncertain market conditions, capacity, and even fares. This contribution reviews recent advances in making revenue management more resilient. To this end, it identifies and categorises uncertainties that affect the revenue management process. In the resulting framework, we review contributions aiming to increase solutions' ability to persist or adapt, listing relevant references by their focus and character. Thereby, we contribute a comprehensive review of research accumulated in the last ten years, outline a research agenda, and thus prepare the ground for further research efforts.

KW - Air transport

KW - resilience

KW - revenue management

KW - risk

KW - uncertainty

U2 - 10.1057/s41272-017-0087-z

DO - 10.1057/s41272-017-0087-z

M3 - Journal article

AN - SCOPUS:85018280306

VL - 16

SP - 483

EP - 498

JO - Journal of Revenue and Pricing Management

JF - Journal of Revenue and Pricing Management

SN - 1476-6930

IS - 5

ER -