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Operations Research in Rail Pricing and Revenue Management

  • Michael F. GormanEmail author
Chapter
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 222)

Abstract

Market-based pricing decisions in U.S. freight rail are relatively new. Prior to 1980, U.S. freight rail prices were closely regulated by the federal government, leaving little flexibility for railroads to manage prices, and to a large degree handicapping the railroads financially. Since 1980, railroads have undergone an operating renaissance, rationalizing both physical plant and operating plan efficiencies. At the same time, while still obligated to “common carrier” commitments to continue service, railroads have been freed to price services according to market forces.

Keywords

Customer Demand Demand Forecast Price Decision Price Action Revenue Management 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2015

Authors and Affiliations

  1. 1.Department of Operations ManagementUniversity of Dayton, School of BusinessDaytonUSA

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