An evaluation of the bid price and nested network revenue management allocation methods
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Evaluation of Bid Price and Network Revenue Management Methods
This research provides a comprehensive comparison of bid price and nested network revenue management allocation methods across various market conditions.
Published in: Computers & Industrial Engineering, Volume 115, Pages 100-108 (2018)
DOI: 10.1016/j.cie.2017.10.026
Citations: 21
Research Objectives
- Compare bid price and nested allocation methods
- Evaluate performance under different demand patterns
- Identify optimal strategies for network revenue management
Key Findings
Our analysis reveals significant differences in performance between bid price and nested methods depending on market conditions and demand characteristics.
Implications
The results provide practical guidance for revenue managers in selecting appropriate allocation methods based on their specific operating environment.