Dynamic booking control for car rental revenue management: a decomposition approach

DOI10.1016/j.ejor.2016.06.044zbMath1394.90411OpenAlexW2469197509MaRDI QIDQ1752267

Xianqiang Yang

Publication date: 24 May 2018

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://eprints.whiterose.ac.uk/102346/1/1_s2.0_S0377221716304842_main.pdf

zbMATH Keywords

decompositionrevenue managementapproximate dynamic programmingcar rental

Mathematics Subject Classification ID

Nonlinear programming (90C30) Stochastic programming (90C15) Approximation methods and heuristics in mathematical programming (90C59) Case-oriented studies in operations research (90B90) Dynamic programming (90C39)

Related Items (9)

Pricing for sales and per-use rental services with vertical differentiation ⋮ Integer programming models and linearizations for the traveling car renter problem ⋮ A review of revenue management: recent generalizations and advances in industry applications ⋮ Pricing mechanism of variable opaque products for dual-channel online travel agencies ⋮ Sales or rentals? Price and service decisions for electric vehicle manufacturers ⋮ Optimal reservation control strategies in shared parking systems considering two types of customers ⋮ Optimal timing of airline promotions under dilution ⋮ Dynamic pricing for vehicle ferries: using packing and simulation to optimize revenues ⋮ Impact of capacity flexibility on the use of booking limits

Cites Work

• Network revenue management with inventory-sensitive bid prices and customer choice
• Revenue models and policies for the car rental industry
• A new approach to two-location joint inventory and transshipment control via $L^{\text{natural}}$-convexity
• The theory and practice of revenue management
• Integrated revenue management approaches for capacity control with planned upgrades
• Revenue Management Games: Horizontal and Vertical Competition
• Pricing and Capacity Rationing for Rentals with Uncertain Durations
• Optimal and Approximate Control Policies for Airline Booking with Sequential Nonmonotonic Fare Classes
• Airline Seat Allocation with Multiple Nested Fare Classes
• Approximate Dynamic Programming
• Capacity Management in Rental Businesses with Two Customer Bases

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