Efficiency measurement for revenue management

被引:1
|
作者
Nikitin, Fedor [1 ]
Tolvanen, Antti [1 ]
机构
[1] Finnair, Vantaa, Finland
关键词
Revenue management; Revenue opportunity model; Static single resource model; Efficiency measurement; Random portfolios;
D O I
10.1057/s41272-022-00387-6
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
New measure for revenue management efficiency based on the information ratio of the analyst decisions is introduced. Compared to the often-used revenue opportunity models based on greedy upper and lower revenues this measure is defined for all demand levels and inherently expresses the effect of demand forecast errors. In this study, we consider Gaussian demand vector with possibly non-zero covariance, although the model translates to any demand distribution.
引用
收藏
页码:638 / 644
页数:7
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