Journal of Revenue & Pricing Management

TABLE 1

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Incorporating competitive price information into revenue management

Dan Zhang and Royce Kallesen

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Table 1. Solution methodologies considered in the simulation study

Figure and tables index
Method Forecaster Optimiser
EMSRbYieldableEMSRb
HDPYieldable and priceableHybrid dynamic program that considers both yieldable and priceable demand
MDPMarket priceableModulated dynamic program
MatchingYieldableMatch the competitor's price whenever possible; when the competitor is out of inventory, use controls from EMSRb
Figure and tables index
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