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Basic Model

  • Florian DefreggerEmail author
Chapter
Part of the Edition KWV book series (EKWV)

Abstract

In this chapter a basic quantitative model for applying revenue management to a manufacturing company is presented, following the paper of Kniker and Burman (2001). Furthermore, we compare different solution procedures for evaluating a policy and solving the decision model and we present a heuristic procedure for solving the decision model. Numerical results show that applying revenue management can have a distinct advantage over a simple first-come-first-served (FCFS) policy and that the heuristic procedure is useful for finding good policies for large problem instances.

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Copyright information

© Springer Fachmedien Wiesbaden GmbH, part of Springer Nature 2009

Authors and Affiliations

  1. 1.WiesbadenGermany

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