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The Role of Operations Research in Public Policy Read chapter Read first chapter

2003 | OriginalPaper | Chapter

Pricing of Multidimensional Resources in Revenue Management (Multidimensional Dynamic Stochastic Knapsack Problem)

Author : Jens Feller

Published in: Operations Research Proceedings 2002

Publisher: Springer Berlin Heidelberg

Included in: Professional Book Archive

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Revenue management deals with selling a limited amount of a perishable resource. This resource becomes valueless at a known point of time (deadline). There are many papers dealing with one-dimensional resources (e. g. seats or hotel rooms) using different approaches as linear programming or Markov decision processes which consider the problem as a dynamic stochastic knapsack problem (DSKP).

previous chapter Scenario Updating Method for Stochastic Mixed-integer Programming Problems
next chapter A Note on Quantitative Stability and Empirical Estimates in Stochastic Programming
Metadata
Title
Pricing of Multidimensional Resources in Revenue Management (Multidimensional Dynamic Stochastic Knapsack Problem)
Author
Jens Feller
Copyright Year
2003
Publisher
Springer Berlin Heidelberg
Book
Operations Research Proceedings 2002

Print ISBN: 978-3-540-00387-8

Electronic ISBN: 978-3-642-55537-4

Copyright Year: 2003

DOI
https://doi.org/10.1007/978-3-642-55537-4_66