An urgency model of reservation price for capacity constrained services

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dc.creator Barth, Joachim E.
dc.date.accessioned 2014-03-07T18:49:36Z
dc.date.available 2014-03-07T18:49:36Z
dc.date.issued 1999
dc.identifier.uri http://library2.smu.ca/xmlui/handle/01/25746
dc.description.abstract Capacity constrained services such as airlines, hotels and automobile rentals frequently use differential pricing and inventory controls to optimize revenue. A model of reservation price for capacity constrained services is proposed that reflects the urgency created by three factors: the importance of the trip (level of loss), the time pressure (time remaining) in which to take action, and the supply constraint (the number of seats rooms or cars) available. It was hypothesized that the maximum amount the consumer is willing to pay is minimized if any one of the three factors is minimized. A simple 3 X 3 X 3 within-subject experiment was used to show that all hypotheses were supported. en_CA
dc.description.provenance Submitted by Trish Grelot (trish.grelot@smu.ca) on 2014-03-07T18:49:36Z No. of bitstreams: 1 asb_proceedings_1999_barth_j_e.pdf: 61892 bytes, checksum: 92ce0123baa6b0ab482f30c0f5e3750f (MD5) en
dc.description.provenance Made available in DSpace on 2014-03-07T18:49:36Z (GMT). No. of bitstreams: 1 asb_proceedings_1999_barth_j_e.pdf: 61892 bytes, checksum: 92ce0123baa6b0ab482f30c0f5e3750f (MD5) Previous issue date: 1999 en
dc.format.extent 11 p.
dc.language.iso en en_CA
dc.publisher Atlantic Schools of Business en_CA
dc.subject.lcsh Revenue management
dc.subject.lcsh Airlines -- Rates
dc.subject.lcsh Hotel management
dc.subject.lcsh Automobile leasing and renting
dc.title An urgency model of reservation price for capacity constrained services en_CA
dc.type Text en_CA
dcterms.bibliographicCitation Proceedings of the 29th Atlantic Schools of Business Conference, Halifax, Nova Scotia,1999
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