A Taxonomy and Research Overview of Perishable-Asset Revenue Management

Operations Research, Vol. 40, No. 5, Sep-Oct 1992

Posted: 1 Feb 2017

See all articles by Larry Weatherford

Larry Weatherford

University of Wyoming - College of Business

Samuel E. Bodily

University of Virginia - Darden School of Business

Date Written: September 30, 1992

Abstract

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

Suggested Citation

Weatherford, Larry and Bodily, Samuel E., A Taxonomy and Research Overview of Perishable-Asset Revenue Management (September 30, 1992). Operations Research, Vol. 40, No. 5, Sep-Oct 1992. Available at SSRN: https://ssrn.com/abstract=2908213

Larry Weatherford (Contact Author)

University of Wyoming - College of Business

1000 E. University Avenue
Laramie, WY 82071
United States

Samuel E. Bodily

University of Virginia - Darden School of Business ( email )

P.O. Box 6550
Charlottesville, VA 22906-6550
United States
434-924-4813 (Phone)
434-293-7677 (Fax)

HOME PAGE: http://www.darden.virginia.edu/faculty/bodily.htm

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