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An overview of revenue management in service industries: an application to car parks

Author

Listed:
  • José Guadix
  • Luis Onieva
  • Jesús Muñuzuri
  • Pablo Cortés

Abstract

Revenue management (RM) is becoming an increasingly important technique in the service sector, particularly in activities involving perishable goods or services which cannot be stored. The integration of RM into businesses results in simultaneity in the production and consumption of services and its aim is to sell each stock unit to the right customer, and at the right moment and price. This paper examines the application of this technique to the management of car parks and proposes a model for its application, as well as a series of problems and their possible solutions.

Suggested Citation

  • José Guadix & Luis Onieva & Jesús Muñuzuri & Pablo Cortés, 2010. "An overview of revenue management in service industries: an application to car parks," The Service Industries Journal, Taylor & Francis Journals, vol. 31(1), pages 91-105, February.
    • Handle: RePEc:taf:servic:v:31:y:2010:i:1:p:91-105
    DOI: 10.1080/02642069.2010.491543
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    References listed on IDEAS

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    1. Kevin Pak & Nanda Piersma, 2002. "overview of OR techniques for airline revenue management," Statistica Neerlandica, Netherlands Society for Statistics and Operations Research, vol. 56(4), pages 479-495, November.
    2. Pak, K. & Piersma, N., 2002. "Airline revenue management: an overview of OR techniques 1982-2001," Econometric Institute Research Papers EI 2002-03, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
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    Cited by:

    1. Charilaos Latinopoulos & Aruna Sivakumar & John W. Polak, 2021. "Optimal Pricing of Vehicle-to-Grid Services Using Disaggregate Demand Models," Energies, MDPI, vol. 14(4), pages 1-27, February.
    2. Raha Akhavan-Tabatabaei & Manuel Bolívar & Jorge Hincapie & Andrés Medaglia, 2014. "On the optimal parking lot subscription policy problem: a hybrid simulation-optimization approach," Annals of Operations Research, Springer, vol. 222(1), pages 29-44, November.

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