Revenue management: A real options approach

Revenue management is the process of actively managing inventory or capacity to maximize revenues. The active management typically occurs through managerial levers such as price, promotion, or availability. We present a novel real options approach to revenue management that is specifically suited to the car rental business. We illustrate the concept with actual car rental data. The model produces minimally acceptable prices and inventory release quantities (number of cars available for rent at a given price) as a function of remaining time and available inventory. The pricing and inventory release recommendations of the developed model confirm earlier empirical analysis that suggested current practises discount too deeply early in the booking cycle. © 2004 Wiley Periodicals, Inc. Naval Research Logistics, 2004     

边检机关与航空公司联网模式之构想

从边防检查机关与航空公司在出入境边防检查工作中的关系着眼，提出了在边防检查机关与航空公司之间联网对旅客资料信息进行预录预检的构想，论述了在此关系框架下实现联网的必要性与可行性，以及联网工作的具体实施和实现联网后所应注意的问题。