(Realtime) dynamic pricing in an integrated revenue management and pricing environment: An approach to handling undifferentiated fare structures in low-fare markets
(Realtime) dynamic pricing in an integrated revenue management and pricing environment: An approach to handling undifferentiated fare structures in low-fare markets
复制标题
集成收入管理和定价环境中的(实时)动态定价:处理低票价市场中无差别票价结构的方法
DOI:
10.1057/palgrave.rpm.5170161
复制
发表时间:
2006
影响因子:
1.6
通讯作者:
D. Westermann
中科院分区:
文献类型:
--
作者:
D. Westermann
This paper compares the traditional pricing procedure of network carriers using fare products defined by rules and restriction with the concept of dynamically adjusting prices based on current market conditions. It describes why traditional revenue management procedures and algorithms fail in a fenceless environment typical of low-fare carriers. The paper attempts to explain how a dynamic pricing concept based on willingness to pay could form the basis of a long-term revenue management solution for various types of airlines, from low-fare carriers to network carriers. The concept requires significantly more integrated business processes between pricing and revenue management and therefore demands a new and future-oriented approach to revenue optimisation.