Capacity Options for Revenue Management: Theory and Applications in the Air Cargo Industry: 575 - Brossura

Libro 18 di 126: Lecture Notes in Economics and Mathematical Systems

Hellermann, Rolf

 
9783540344193: Capacity Options for Revenue Management: Theory and Applications in the Air Cargo Industry: 575

Sinossi

This book proposes capacity options as a flexible alternative air cargo contract type, and illustrates how capacity can be priced through option contracts. The analysis is accomplished by means of an analytical multivariate optimization model under price and demand uncertainty. A case study using data from a leading German carrier illustrates the financial potential. Finally, the author shows how capacity-option contracts integrate into the context of air cargo revenue management.

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Contenuti

Capacity Agreements in the Air Cargo Industry.- Literature Review on Supply Contracting and Revenue Management.- Capacity-Option Pricing Model.- Model Results and Comparative Statics.- Model Extensions: Distribution of Profits, Correlations, and Overbooking.- Application Case Study in the Air Cargo Industry.- Managerial Implications and Conclusion.

Product Description

Book by Hellermann Rolf

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