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On the robustness of the network-based revenue opportunity model

Journal of Revenue and Pricing Management Aims and scope

Abstract

The revenue opportunity model (ROM) is a widely known method for measuring revenue management (RM) performance. While adapting the ROM to recent developments of RM science, the question of applicability and in particular the validity of the ROM became increasingly important. In this article, we introduce a novel simulation-based approach to measure the robustness of the ROM against errors in the input data. We also test the robustness of the network-based ROM for airline RM with independent demand on realistic data and present computational results.

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Correspondence to Christian Temath.

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gchairs the Decision Support & Operations Research Lab at the University of Paderborn, Germany. Her research focuses on planning for public transport and logistics with special regard to optimisation, simulation and robust planning.

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Temath, C., Pölt, S. & Suhl, L. On the robustness of the network-based revenue opportunity model. J Revenue Pricing Manag 9, 341–355 (2010). https://doi.org/10.1057/rpm.2010.15

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  • DOI: https://doi.org/10.1057/rpm.2010.15

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