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This paper studies the capacity control problem in revenue management with single resource, where the decision maker can only estimate the type of probability distribution of uncertain demand, but they do not have the necessary historic data to estimate the parameters of these distributions. We model these uncertainty parameters with fuzzy variables. Based on the theory of fuzzy satisfaction degree...
In this paper, we established the urban public safety risk monitoring index system, using AHP to determine the varying degrees of the evaluation quota and using TOPSIS to standardize the value of the evaluation quota. We collected the data in Beijing in 2008, evaluated the Beijing public security risk in quantitative. This method combines TOPSIS with AHP effectively and makes the evaluations means...
It is extremely important for airlines to study the flexible seat inventory control issues to prevent flight revenue from spoiled due to inaccurate prediction of air passenger demand. This paper provided a novel capacity control method based on real option and showed how airlines may be considered as the holder of callable tickets. In a fully competitive market, a partial differential equation model...
This paper extended the TOPSIS method for multi-criteria decision-making by the credibility measure in fuzzy environment. Originated in the compromise programming method, TOPSIS is on the basis of an aggregating function representing "closeness to the ideal", the basic principles of it are that the chosen alternative should have the shortest distance from the positive ideal solution (PIS)...
Many firms can sell identical products online using auctions and posted prices simultaneously. This paper develops a model of the key trade-offs sellers face in such a dual-channel setting, built about the optimal choice of the auction quantity, the auction duration, and the posted price. Our discussion is under the finite inventory of the seller. We model consumer choice of channels through a threshold...
We formally embed a new-style of E-commerce into a dynamic framework that is typical of the revenue management problem. Full characterize classical results of incentive compatible online auctions. The main focus of this paper is joint inventory control and pricing problem of revenue management in which buyers act strategically and bid for units of a firm's fixed product online. Faced by a sequence...
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