Capacity Options for Revenue Management Theory and Applications in the Air Cargo Industry /

• Main Author: Hellermann, Rolf (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2006.
• Series: Lecture Notes in Economics and Mathematical Systems, 575
• Subjects: Business.; Marketing.; Production management.; Industrial procurement.; Operations research.; Decision making.; Mathematical optimization.; Business and Management.; Operation Research/Decision Theory.; Operations Management.; Procurement.; Optimization.

Arguably the central problem in Operations Research and Management S- ence (OR/MS) addressed by e-business is better coordination of supply and demand, including price discovery and reduction of transaction costs of buyer-seller interactions. In capital-intensive industries like air cargo, the out-o...

Table of Contents:

• Capacity Agreements in the Air Cargo Industry
• Literature Review on Supply Contracting and Revenue Management
• Capacity-Option Pricing Model
• Model Results and Comparative Statics
• Model Extensions: Distribution of Profits, Correlations, and Overbooking
• Application Case Study in the Air Cargo Industry
• Managerial Implications and Conclusion.