The Theory and Practice of Revenue Management

Revenue management (RM) is one of the most successful applications in Operations Research. The RM has grown from its application with a handful of major airlines to its status today as a mainstream business practice with a growing list of industry users f

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Sarker, R., Mohammadian, M. & Yao, X. / EVOLUTIONARY OPTIMIZATION

Demeulemeester, R. & Herroelen, W. / PROJECT SCHEDULING: A Research Handbook Gazis, D.C. / TRAFFIC THEORY Zhu, J. / QUANTITATIVE MODELS FOR PERFORMANCE EVALUATION AND BENCHMARKING Ehrgott, M. & Gandibleux, X. /MULTIPLE CRITERIA OPTIMIZATION: State ofthe Art Annotated Bibliographical Surveys Bienstock, D. / Potential Function Methods for Approx. Solving Linear Programming Problems Matsatsinis, N.F. & Siskos, Y J INTELLIGENT SUPPORT SYSTEMS FOR MARKETING DECISIONS Alpem, S. & Gal, S. / THE THEORY OF SEARCH GAMES AND RENDEZVOUS Hall, R.W./HANDBOOK OF TRANSPORTATION SCIENCE - 2"^ Ed

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Graves, S.B. & Ringuest, J.L. / MODELS AND METHODS FOR PROJECT SELECTION: Concepts from Management Science, Finance and Information Technology Hassin, R. & Haviv, M./ TO QUEUE OR NOT TO QUEUE: Equilibrium Behavior in Queueing Systems Gershwin, S.B. et a]/ANALYSIS & MODELING OF MANUFACTURING SYSTEMS Maros, I./ COMPUTATIONAL TECHNIQUES OF THE SIMPLEX METHOD Harrison, T., Lee, H. & Neale, J./ THE PRACTICE OF SUPPLY CHAIN MANAGEMENT: Where Theory And Application Converge

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* A list ofthe early publications in the series is at the end ofthe book *

THE THEORY AND PRACTICE OF REVENUE MANAGEMENT

KALYAN T. TALLURI

Department of Economics and Business Universitat Pompeu Fabra Barcelona

^ S p rmger

GARRETT J. VAN RYZIN

Graduate School of Business Columbia University New York

Library of Congress Cataloging-in-Publication Data A CLP. Catalogue record for this book is available from the Library of Congress Tallury & Van Ryzin/ THE THEORY AND PRACTICE OF REVENUE MANAGEMENT ISBN 1-4020-7701-7 (hardcover)

0-387-24376-3 (paperback) 1-4020-7701-7 (eBoo