A Taxonomy and Research Overview of Perishable-Asset Revenue Management
Operations Research, Vol. 40, No. 5, Sep-Oct 1992
Posted: 1 Feb 2017
Date Written: September 30, 1992
This paper provides an overview of the research that has been done in the field of perishable-asset revenue management, which is a new term given here to a field that combines the areas of yield management, overbooking, and pricing. The paper also provides a comprehensive taxonomy with 14 different dimensions (elements) along which problems that are included in this important research area can be classified. It suggests important areas of future research to help bridge the gap between theory and application.
Keywords: Inventory/Production, Perishable/Aging Items, Yield Management, Overbooking, Pricing, Segmentation
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