Revenue management in railway operations: A study of the Rajdhani Express, Indian Railways

被引：67

作者：

Bharill, Rohit ^{[1
]}

Rangaraj, Narayan ^{[1
]}

机构：

[1] Indian Inst Technol, Dept Mech Engn, Bombay 400076, Maharashtra, India

来源：

TRANSPORTATION RESEARCH PART A-POLICY AND PRACTICE | 2008年 / 42卷 / 09期

关键词：

Revenue management; Passenger rail services; Overbooking; Differential pricing; Indian railways; Elasticity;

D O I：

10.1016/j.tra.2008.03.007

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Revenue management is widely practiced in the transport industry, but the bulk of the published literature deals with the airline industry. We consider the case of passenger services in the premium segment of Indian Railways (IR) and illustrate an application of the principles of revenue management. The strategy of overbooking is interpreted in terms of waitlist management by IR and cancellation action of customers. An attempt is made to derive elasticity estimates between key mode choices internal to the railways and finally, revenue management through differential pricing is Suggested as a means to increase revenue on average. (c) 2008 Elsevier Ltd. All rights reserved,

引用

页码：1195 / 1207

页数：13

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