Revenue Management: Research Overview and Prospects

1999/05/01 by Jeffrey I. McGill, Jeff McGill, Garrett J. van Ryzin · 3 citations
Business, Management and Accounting · Social Sciences · #Consumer Market Behavior and Pricing #Supply Chain and Inventory Management #Transportation Planning and Optimization

paper · doi:10.1287/trsc.33.2.233

crossref issued 1999/05/01 · crossref published 1999/05/01 · crossref published-print 1999/05/01 · openalex publication_date 1999/05/01 · crossref created 2008/10/31 · crossref deposited 2023/04/02 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/31 · crossref indexed 2026/07/31

Abstract

This survey reviews the forty-year history of research on transportation revenue management (also known as yield management). We cover developments in forecasting, overbooking, seat inventory control, and pricing, as they relate to revenue management, and suggest future research directions. The survey includes a glossary of revenue management terminology and a bibliography of over 190 references.

Citations

• Optimal Dynamic Pricing of Inventories with Stochastic Demand over Finite Horizons
• Sales Data and the Estimation of Demand
• A Multiproduct Dynamic Pricing Problem and Its Applications to Network Yield Management

Cited by

• Applications of Operations Research in the Air Transport Industry
• The Economics of Service Upgrades
• Exponential penalty function control of loss networks