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.
机构:
Revenue Management, Walt Disney World Co., Orlando, FL
Team Disney South 320F, Orlando, FL 32830, 1375 Buena Vista Dr, Lake Buena VistaRevenue Management, Walt Disney World Co., Orlando, FL
Rasekh L.
Li Y.
论文数: 0引用数: 0
h-index: 0
机构:
Revenue Management, Walt Disney World Co., Orlando, FLRevenue Management, Walt Disney World Co., Orlando, FL
机构:
Cornell University, School of Hotel Administration, 348 Statler Hall, IthacaCornell University, School of Hotel Administration, 348 Statler Hall, Ithaca
Kimes S.E.
Beard J.
论文数: 0引用数: 0
h-index: 0
机构:
Pricing and Revenue Management, Walt Disney Parks and Resorts, Orlando, FLCornell University, School of Hotel Administration, 348 Statler Hall, Ithaca