revenue management; Price volatility; Airline industry
Résumé :
[en] The operational outcome of Revenue Management (RM) is manifested in different magnitudes of market level price volatilities. In this paper we take an analytics approach to the possible use of pricing data of revenue-managed goods to support market analysis. Quantifying the relationship between market-level price volatility in the airline industry and various market-level performance metrics, we find that higher levels of price volatility are associated with higher levels of transacted fares, lower load factors, higher revenues, and increased transacted fare dispersion. This suggests the potential in utilizing market price volatility as an input for market analytics.
Disciplines :
Production, distribution & gestion de la chaîne logistique
Auteur, co-auteur :
MANTIN, Benny ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF)
Rubin, Eran
Co-auteurs externes :
yes
Langue du document :
Anglais
Titre :
Price volatility and market performance measures: The case of revenue managed goods
Date de publication/diffusion :
2018
Titre du périodique :
Transportation Research. Part E, Logistics and Transportation Review
