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Integrating Flexible Discrete Choice and Revenue Management Models (FLEXREV)
Start date: Dec 1, 2011, End date: Nov 30, 2014,
"Numerous industries use revenue management (RM) to forecast demand for products and to determine product prices and availability. Airline and hotel companies, who spearheaded RM developments in the 1990’s, have reported impressive annual revenue gains: American Airlines realized $500 million and Marriott realized $100 million. Today, however, the $218 billion airline and hotel sectors struggle to ...
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