Purpose–Revenue management(RM)is a significant technique to improve revenue with limited resources.With the macro environment of dramatically increasing transit capacity and rapid railway transport development in Chi...Purpose–Revenue management(RM)is a significant technique to improve revenue with limited resources.With the macro environment of dramatically increasing transit capacity and rapid railway transport development in China,it is necessary to involve the theory of RM into the operation and decision of railway passenger transport.Design/methodology/approach–This paper proposes the theory and framework of generalized RM of railway passenger transport(RMRPT),and the thoughts and methods of the main techniques in RMRPT,involving demand forecasting,line planning,inventory control,pricing strategies and information systems,are all studied and elaborated.The involved methods and techniques provide a sequential process to help with the decision-making for each stage of RMRPT.The corresponding techniques are integrated into the information system to support practical businesses in railway passenger transport.Findings–The combination of the whole techniques devotes to railway benefit improvement and transit resource utilization and has been applied into the practical operation and organization of railway passenger transport.Originality/value–The development of RMRPT would provide theoretical and technical support for the improvement of service quality as well as railway benefits and efficiency.展开更多
The essence of empirical test of Wagner characteristic in new public management countries＇ tax revenue is to test the influence of economic growth on tax growth since new public management movement. Under IMF statist...The essence of empirical test of Wagner characteristic in new public management countries＇ tax revenue is to test the influence of economic growth on tax growth since new public management movement. Under IMF statistical framework, by using E-G two-step method in co-integration test and Granger causality test and empirically testing of the gross tax revenue and classified tax revenue in Australian, Canada, France, America, Britain these five countries, we can find that most indicators in most countries do not confirm to Wagner＇ s law. With the growth of GDP, tax revenue as a percentage of GDP rises periodically but not permanently. This period can be called the validity period of Wagner＇ s law in financial scale.展开更多
Along with China＇s urbanization, a series of problems came, such as the rapidly expanding urban population, large-scale urban construction and investment, the financing gap of government＇s investment in construction...Along with China＇s urbanization, a series of problems came, such as the rapidly expanding urban population, large-scale urban construction and investment, the financing gap of government＇s investment in construction, and urban management, etc. This article first describes the growth of urban population, the scale and the input of urban construction, and then analyzes the financial revenue and expenditure, and at last argues for the necessity of urban management, and puts forward the research content of urban management.展开更多
To improve the performance of the supply chain with one supplier and multiple retailers under deterministic price-sensitive customer demand, an optimal strategy is proposed based on knowledge discovery. First the dece...To improve the performance of the supply chain with one supplier and multiple retailers under deterministic price-sensitive customer demand, an optimal strategy is proposed based on knowledge discovery. First the decentralized system in which the supplier and the retailers are independent, profit-maximizing participants with the supplier acting as a Stackelberg game leader is studied. Numerical examples illustrate the importance of the coordination. The conventional quantity discount mechanism needs to be modified to coordinate the supply chain, so a revenue-sharing contract is proposed to coordinate such supply chain. Lastly, a special decision under certain demand rates is studied. The pricing and replenishment policies can be decided sequentially, which yields much less loss comparing with optimal decision when the demand rates are sufficiently large.展开更多
Considering the existence of multi-level fares in the alliance,and the existence of horizontal competition and vertical competition at the same time,this paper intends to maximize the revenue of airline alliance and f...Considering the existence of multi-level fares in the alliance,and the existence of horizontal competition and vertical competition at the same time,this paper intends to maximize the revenue of airline alliance and fairly distribute the revenue to member airlines.Firstly,a model is built under the centralized mechanism,in which all airlines in the alliance are regarded as a whole.By solving the model,the shadow price of each flight leg on the code-sharing route is gotten.It is used to calculate the proportion of the revenue distribution.Then,the centralized model is decomposed into the single airline model by the proportion.The seat allocation among airlines and distributed revenue can be gotten by solving the model.Three typical examples are designed to test it.The results show that,the model can effectively reflect the managerial principal of the airline alliance,that is maximizing total revenue and fairly distributing the revenue among member airlines.展开更多
In this paper,the structural properties of revenue management in a hubto-hub airline network is studied.Using a reformulated network flow version of the problem,it is shown that the optimal value has supermodularity,s...In this paper,the structural properties of revenue management in a hubto-hub airline network is studied.Using a reformulated network flow version of the problem,it is shown that the optimal value has supermodularity,submodularity,and Lconcavity in the network’s capacities dimensions.It is thus deduced that the certainty equivalent control thresholds used in the revenue management problem have monotone properties.These structural properties add important managerial insights into the network revenue management system.展开更多
Based On the online reverse auction formalism in Priceline.com, In this paper,the use of online reverse auctions in airline companies revenue management is highlighted.This research examines the process of online reve...Based On the online reverse auction formalism in Priceline.com, In this paper,the use of online reverse auctions in airline companies revenue management is highlighted.This research examines the process of online reverse auctions in detail, point out the potential benefits of online reverse auctions. At last we examines how the online reverse auction mechanism design for optimal allocation.展开更多
The Hotel Electronic Distribution Network Association (HEDNA), in conjunction with their education management partner, HSA International, will host the new two-day "fundamentals" workshop on applying Revenue...The Hotel Electronic Distribution Network Association (HEDNA), in conjunction with their education management partner, HSA International, will host the new two-day "fundamentals" workshop on applying Revenue Management techniques within Electronic Distribution channels in advance of the opening of the HEDNA 2004 Conference in London.展开更多
Optims S.A. (Evry, France), the leading global provider of Revenue Management Systems (RMS) and IT enabling solutions dedicated to the hospitality, tourism and transport industries is pleased to announce the implement...Optims S.A. (Evry, France), the leading global provider of Revenue Management Systems (RMS) and IT enabling solutions dedicated to the hospitality, tourism and transport industries is pleased to announce the implementation of an Optims.Hotel Revenue Management System in the Royal Windsor Hotel, Brussels, a Warwick International Hotel and a member of Leading Hotels of the World.展开更多
基金China State Railway Group Co.,Ltd(No.K2023X030)China Academy of Railway Sciences Corporation Limited(No.2021YJ017).
文摘Purpose–Revenue management(RM)is a significant technique to improve revenue with limited resources.With the macro environment of dramatically increasing transit capacity and rapid railway transport development in China,it is necessary to involve the theory of RM into the operation and decision of railway passenger transport.Design/methodology/approach–This paper proposes the theory and framework of generalized RM of railway passenger transport(RMRPT),and the thoughts and methods of the main techniques in RMRPT,involving demand forecasting,line planning,inventory control,pricing strategies and information systems,are all studied and elaborated.The involved methods and techniques provide a sequential process to help with the decision-making for each stage of RMRPT.The corresponding techniques are integrated into the information system to support practical businesses in railway passenger transport.Findings–The combination of the whole techniques devotes to railway benefit improvement and transit resource utilization and has been applied into the practical operation and organization of railway passenger transport.Originality/value–The development of RMRPT would provide theoretical and technical support for the improvement of service quality as well as railway benefits and efficiency.
文摘The essence of empirical test of Wagner characteristic in new public management countries＇ tax revenue is to test the influence of economic growth on tax growth since new public management movement. Under IMF statistical framework, by using E-G two-step method in co-integration test and Granger causality test and empirically testing of the gross tax revenue and classified tax revenue in Australian, Canada, France, America, Britain these five countries, we can find that most indicators in most countries do not confirm to Wagner＇ s law. With the growth of GDP, tax revenue as a percentage of GDP rises periodically but not permanently. This period can be called the validity period of Wagner＇ s law in financial scale.
文摘Along with China＇s urbanization, a series of problems came, such as the rapidly expanding urban population, large-scale urban construction and investment, the financing gap of government＇s investment in construction, and urban management, etc. This article first describes the growth of urban population, the scale and the input of urban construction, and then analyzes the financial revenue and expenditure, and at last argues for the necessity of urban management, and puts forward the research content of urban management.
基金the National Natural Science Foundation of China (70471034)the Talent Foundation of Nanjing University of Aeronautics and Astronautics (s0670-082).
文摘To improve the performance of the supply chain with one supplier and multiple retailers under deterministic price-sensitive customer demand, an optimal strategy is proposed based on knowledge discovery. First the decentralized system in which the supplier and the retailers are independent, profit-maximizing participants with the supplier acting as a Stackelberg game leader is studied. Numerical examples illustrate the importance of the coordination. The conventional quantity discount mechanism needs to be modified to coordinate the supply chain, so a revenue-sharing contract is proposed to coordinate such supply chain. Lastly, a special decision under certain demand rates is studied. The pricing and replenishment policies can be decided sequentially, which yields much less loss comparing with optimal decision when the demand rates are sufficiently large.
基金partially supported by the Natural Science Foundation of Jiangsu Province(No.BK 20151479)the Central University Basic Research Fees(No.NZ2016109)
文摘Considering the existence of multi-level fares in the alliance,and the existence of horizontal competition and vertical competition at the same time,this paper intends to maximize the revenue of airline alliance and fairly distribute the revenue to member airlines.Firstly,a model is built under the centralized mechanism,in which all airlines in the alliance are regarded as a whole.By solving the model,the shadow price of each flight leg on the code-sharing route is gotten.It is used to calculate the proportion of the revenue distribution.Then,the centralized model is decomposed into the single airline model by the proportion.The seat allocation among airlines and distributed revenue can be gotten by solving the model.Three typical examples are designed to test it.The results show that,the model can effectively reflect the managerial principal of the airline alliance,that is maximizing total revenue and fairly distributing the revenue among member airlines.
基金the Startup Grant of Scientific Research for Doctors of Luoyang Institute of Science and Technology,China(No.2011BZ12).
文摘In this paper,the structural properties of revenue management in a hubto-hub airline network is studied.Using a reformulated network flow version of the problem,it is shown that the optimal value has supermodularity,submodularity,and Lconcavity in the network’s capacities dimensions.It is thus deduced that the certainty equivalent control thresholds used in the revenue management problem have monotone properties.These structural properties add important managerial insights into the network revenue management system.
文摘Based On the online reverse auction formalism in Priceline.com, In this paper,the use of online reverse auctions in airline companies revenue management is highlighted.This research examines the process of online reverse auctions in detail, point out the potential benefits of online reverse auctions. At last we examines how the online reverse auction mechanism design for optimal allocation.
文摘The Hotel Electronic Distribution Network Association (HEDNA), in conjunction with their education management partner, HSA International, will host the new two-day "fundamentals" workshop on applying Revenue Management techniques within Electronic Distribution channels in advance of the opening of the HEDNA 2004 Conference in London.
文摘Optims S.A. (Evry, France), the leading global provider of Revenue Management Systems (RMS) and IT enabling solutions dedicated to the hospitality, tourism and transport industries is pleased to announce the implementation of an Optims.Hotel Revenue Management System in the Royal Windsor Hotel, Brussels, a Warwick International Hotel and a member of Leading Hotels of the World.
