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An Analysis of Bid-Price Controls for Network Revenue Management

Management Science, no. 11 (1998): 1577-1593

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Bid-prices are becoming an increasingly popular method for controlling the sale of inventoryin revenue management applications. In this form of control, threshold-or "bid"-prices are set for the resources or units of inventory (seats on flight legs, hotel rooms on specific dates, etc.) and a product (a seat in a fare class on an itinerary...更多

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