Capacity Options for Revenue Management

Capacity Options for Revenue Management

Author: Rolf Hellermann

Publisher: Springer Science & Business Media

ISBN: 9783540344209

Category: Business & Economics

Page: 199

View: 514

This book proposes capacity options as a flexible alternative air cargo contract type, and illustrates how capacity can be priced through option contracts. The analysis is accomplished by means of an analytical multivariate optimization model under price and demand uncertainty. A case study using data from a leading German carrier illustrates the financial potential. Finally, the author shows how capacity-option contracts integrate into the context of air cargo revenue management.

Capacity Options for Revenue Management

Capacity Options for Revenue Management

Author: Rolf Hellermann

Publisher: Springer

ISBN: 3540344195

Category: Business & Economics

Page: 199

View: 337

This book proposes capacity options as a flexible alternative air cargo contract type, and illustrates how capacity can be priced through option contracts. The analysis is accomplished by means of an analytical multivariate optimization model under price and demand uncertainty. A case study using data from a leading German carrier illustrates the financial potential. Finally, the author shows how capacity-option contracts integrate into the context of air cargo revenue management.

Risk-Averse Capacity Control in Revenue Management

Risk-Averse Capacity Control in Revenue Management

Author: Christiane Barz

Publisher: Springer Science & Business Media

ISBN: 9783540730132

Category: Business & Economics

Page: 163

View: 673

This book revises the well-known capacity control problem in revenue management from the perspective of a risk-averse decision-maker. Modelling an expected utility maximizing decision maker, the problem is formulated as a risk-sensitive Markov decision process. Special emphasis is put on the existence of structured optimal policies. Numerical examples illustrate the results.

Risk Management in the Air Cargo Industry

Risk Management in the Air Cargo Industry

Author: Paul Hertwig

Publisher: Diplomica Verlag

ISBN: 9783836685771

Category: Business & Economics

Page: 96

View: 894

This paper discusses risk management approaches in the air cargo industry. It gives a concise overview of developments, business practices and complexities of the air cargo industry and draws cross-references to comparable industries. It introduces supply contracts for capacity and the inherent risks in the shipping process. Based on that, approaches to mitigate risk are studied. The work elaborates on the historically grown research field of revenue management and puts emphasis on the discipline of overbooking in the air cargo sector. Capacity options and financial intermediation are presented as more innovative approaches for capacity risk management. The application of these various risk management methods is evaluated in an expert study among air cargo industry professionals from different market perspectives. With that, obstacles to the successful implementation are identified and potential solutions are named.

Hotel Revenue Management: From Theory to Practice

Hotel Revenue Management: From Theory to Practice

Author: Stanislav Ivanov

Publisher: Zangador

ISBN: 9789549278637

Category: Travel

Page: 205

View: 473

This research monograph aims at developing an integrative framework of hotel revenue management. It elaborates the fundamental theoretical concepts in the field of hotel revenue management like the revenue management system, process, metrics, analysis, forecasting, segmentation and profiling, and ethical issues. Special attention is paid on the pricing and non-pricing revenue management tools used by hoteliers to maximise their revenues and gross operating profit. The monograph investigates the revenue management practices of accommodation establishments in Bulgaria and provides recommendations for their improvement. The book is suitable for undergraduate and graduate students in tourism, hospitality, hotel management, services studies programmes, and researchers interested in revenue/yield management. The book may also be used by hotel general managers, marketing managers, revenue managers and other practitioners looking for ways to improve their knowledge in the field.

Airline Operations and Management

Airline Operations and Management

Author: Gerald N. Cook

Publisher: Routledge

ISBN: 9781315299570

Category: Transportation

Page: 344

View: 224

Airline Operations and Management: A Management Textbook is a survey of the airline industry, mostly from a managerial perspective. It integrates and applies the fundamentals of several management disciplines, particularly economics, operations, marketing and finance, in developing the overview of the industry. The focus is on tactical, rather than strategic, management that is specialized or unique to the airline industry. The primary audiences for this textbook are both senior and graduate students of airline management, but it should also be useful to entry and junior level airline managers and professionals seeking to expand their knowledge of the industry beyond their own functional area.

Financial Risk Management with Bayesian Estimation of GARCH Models

Financial Risk Management with Bayesian Estimation of GARCH Models

Author: David Ardia

Publisher: Springer Science & Business Media

ISBN: 9783540786573

Category: Business & Economics

Page: 206

View: 150

This book presents in detail methodologies for the Bayesian estimation of sing- regime and regime-switching GARCH models. These models are widespread and essential tools in n ancial econometrics and have, until recently, mainly been estimated using the classical Maximum Likelihood technique. As this study aims to demonstrate, the Bayesian approach o ers an attractive alternative which enables small sample results, robust estimation, model discrimination and probabilistic statements on nonlinear functions of the model parameters. The author is indebted to numerous individuals for help in the preparation of this study. Primarily, I owe a great debt to Prof. Dr. Philippe J. Deschamps who inspired me to study Bayesian econometrics, suggested the subject, guided me under his supervision and encouraged my research. I would also like to thank Prof. Dr. Martin Wallmeier and my colleagues of the Department of Quantitative Economics, in particular Michael Beer, Roberto Cerratti and Gilles Kaltenrieder, for their useful comments and discussions. I am very indebted to my friends Carlos Ord as Criado, Julien A. Straubhaar, J er ^ ome Ph. A. Taillard and Mathieu Vuilleumier, for their support in the elds of economics, mathematics and statistics. Thanks also to my friend Kevin Barnes who helped with my English in this work. Finally, I am greatly indebted to my parents and grandparents for their support and encouragement while I was struggling with the writing of this thesis.

Computational Logistics

Computational Logistics

Author: Jürgen W. Böse

Publisher: Springer

ISBN: 9783642242649

Category: Computers

Page: 371

View: 229

This book constitutes the refereed proceedings of the Second International Conference on Computational Logistics, ICCL 2011, held in Hamburg, Germany, in September 2011. The 26 revised full papers presented were carefully reviewed and selected from numerous submissions. The papers are organized in topical sections on transport services, logistics systems and production, and maritime shipping and container terminals.

Fuzzy Portfolio Optimization

Fuzzy Portfolio Optimization

Author: Yong Fang

Publisher: Springer Science & Business Media

ISBN: 9783540779261

Category: Business & Economics

Page: 176

View: 178

Most of the existing portfolio selection models are based on the probability theory. Though they often deal with the uncertainty via probabilistic - proaches, we have to mention that the probabilistic approaches only partly capture the reality. Some other techniques have also been applied to handle the uncertainty of the ?nancial markets, for instance, the fuzzy set theory [Zadeh (1965)]. In reality, many events with fuzziness are characterized by probabilistic approaches, although they are not random events. The fuzzy set theory has been widely used to solve many practical problems, including ?nancial risk management. By using fuzzy mathematical approaches, quan- tative analysis, qualitative analysis, the experts’ knowledge and the investors’ subjective opinions can be better integrated into a portfolio selection model. The contents of this book mainly comprise of the authors’ research results for fuzzy portfolio selection problems in recent years. In addition, in the book, the authors will also introduce some other important progress in the ?eld of fuzzy portfolio optimization. Some fundamental issues and problems of po- folioselectionhavebeenstudiedsystematicallyandextensivelybytheauthors to apply fuzzy systems theory and optimization methods. A new framework for investment analysis is presented in this book. A series of portfolio sel- tion models are given and some of them might be more e?cient for practical applications. Some application examples are given to illustrate these models by using real data from the Chinese securities markets.

Total Revenue Management (TRM)

Total Revenue Management (TRM)

Author: Marc Helmold

Publisher: Springer Nature

ISBN: 9783030469856

Category: Business & Economics

Page: 191

View: 145

This book explores total revenue management (TRM), an emerging concept in revenue management that incorporates existing principles and tools of revenue management across all profit streams. It is a professional's guide to using TRM in an optimal and innovative manner to gain competitive advantage. Readers will gain comprehensive insights into the strategies, tools and principles of TRM including existing and emerging revenue streams across the value chain. The author offers a transparent and holistic explanation of pricing strategies, segmentation methods and distribution principles which enable implementation of TRM in organizations.

Revenue Management for Service Organizations

Revenue Management for Service Organizations

Author: Paul Rouse

Publisher: Business Expert Press

ISBN: 1606491482

Category: Business & Economics

Page: 180

View: 733

This book places revenue management at the forefront of management accounting with cost management and performance measurement in supporting roles. Revenue management introduces new ideas such as yield management, while uniting previously disparate subjects such as project management, capacity costing, and the theory of constraints. Methods of pricing and their associated strategies are included as well as techniques for segmenting consumer markets.

Innovative Quick Response Programs in Logistics and Supply Chain Management

Innovative Quick Response Programs in Logistics and Supply Chain Management

Author: T. C. Edwin Cheng

Publisher: Springer Science & Business Media

ISBN: 3642043135

Category: Business & Economics

Page: 468

View: 333

Quick Response (QR) policy is a market-driven business strategy in which supply chain members work together to react quickly to volatile market demand. Nowadays, with advances in information technologies (such as RFID and ERP systems), new challenges and opportunities arise for the application of QR. This handbook explores QR extensively with a view to discovering innovative QR measures that can help tackle the observed and emerging challenges. The book is organized into four parts, which include chapters on analytical modeling and analyses, information technologies, cases, reviews, and applications. This handbook provides new analytical and empirical results with valuable insights, which will not only help supply chain agents to better understand the latest applications of QR in business, but also help practitioners and researchers to know how to improve the effectiveness of QR using innovative methods.