Please use this identifier to cite or link to this item: http://hdl.handle.net/11718/13592
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dc.contributor.authorDutta, Goutam
dc.contributor.authorGhosh, Priyanko
dc.date.accessioned2015-05-20T09:09:05Z
dc.date.available2015-05-20T09:09:05Z
dc.date.issued2012
dc.identifier.citationDutta, G., & Ghosh, P. (2012). A passenger revenue management system (RMS) for a National Railway in an Emerging Asian Economy. Journal Of Revenue & Pricing Management, 11(5), 487-499.en_US
dc.identifier.issn14766930
dc.identifier.urihttp://hdl.handle.net/11718/13592
dc.description.abstractIn this article, we provide the mathematical model for a Revenue Management System that consists of an optimizer, a simulator and a forecaster, and implement these systems on the National Railway of an Emerging Asian Economy (NREAE). We formulate a multi-period network revenue optimization model based on deterministic linear programming, which emphasizes capacity allocations adjusted to the leg-based passenger demand. This model incorporates the crucial features of NREAE like Passenger Reservation System and urgency-based booking schemes. We conduct a simulation study of passenger demand between stations and analyze the variations in revenue and also compare the performance of different pickup forecasting techniques. We illustrate and apply the concept of expected marginal seat revenue with the passenger booking data of NREAE.en_US
dc.language.isoenen_US
dc.publisherJournal of Revenue & Pricing Managementen_US
dc.subjectRevenue managementen_US
dc.subjectLiner programmingen_US
dc.subjectEconomic modelsen_US
dc.subjectReservation systemsen_US
dc.titleA passenger revenue management system (RMS) for a national railway in an emerging Asian economyen_US
dc.typeArticleen_US
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