Recent years have seen great revenue management successes, notably in the airline, hotel,
and car rental businesses. Currently, an increasing number of industries, including …

Nonprofit firms sometimes engage in for-profit activities for the purpose of generating
revenue to subsidize their mission activities. The organization is then confronted with a …

Firms may produce a variety of generally similar products or may practice “scientific pricing”
or revenue management where the firm will offer similar or somewhat differentiated products …

Revenue management is the science of using past history and current levels of order activity
to forecast demand as accurately as possible in order to set and update pricing and product …

The price-setting newsvendor model is used to address the single period joint pricing and
inventory control problem. The objective is to set the optimal price and replenishment …

We consider a single product, single period inventory problem with stochastic price-
dependent demand. The ordering and pricing decision has to be made at the beginning of …

This paper extends the mark-up rule relating a firm's profit-maximizing price to its marginal
cost and its elasticity of residual demand to the news vendor problem with endogenous …

We study the properties of a profit-maximizing monopolist's optimal price distribution when
selling to a loss-averse consumer, where (following Kőszegi and Rabin (2006)) we assume …

As global business landscape becomes more competitive, new and innovative methods to
stay ahead of the competition are imperative. Profits being the bottom line of every business …