New PDF release: Capacity Options for Revenue Management: Theory and

By Rolf Hellermann

ISBN-10: 3540344195

ISBN-13: 9783540344193

ISBN-10: 3540344209

ISBN-13: 9783540344209

Arguably the critical challenge in Operations study and administration S- ence (OR/MS) addressed by way of e-business is best coordination of offer and insist, together with rate discovery and relief of transaction expenses of buyer-seller interactions. In capital-intensive industries like air shipment, the out-of-pocket charges of extra means and the chance bills of underu- lized skill were very important components using the expansion of exchanges for making improvements to call for and provide coordination via e-business pl- varieties. Hellermann addresses in his dissertation the most attention-grabbing - pects of this evolution for OR/MS, the parallel improvement of long term and temporary markets for ability and output, followed through various choice and ?xed-commitment (i. e. , ahead) contracts because the easy mec- nisms assisting transactions. This has been a desirable subject for OR/MS examine since it builds at the strong framework of genuine strategies, whereas connecting on to key operations judgements (capacity making plans, community layout, staf?ng, routing, upkeep, etc) of the apparatus and applied sciences whose output is the point of interest of contracts. From the viewpoint of perform, the built-in use of those Internet-based contracting mechanisms, as facilitated through new B2B exchanges, represents a chance for extra enhancing provide chain functionality and capital asset productiveness. As Hellermann notes, a crucial characteristic of B2B for capital-intensive - dustries is that contracting must occur good just before genuine delivery.

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Additional info for Capacity Options for Revenue Management: Theory and Applications in the Air Cargo Industry

Sample text

The decisive technical difference to their model is the determination of the optimal tariff which is absent in Rudi and Pyke (2000) because the authors assume exogenous demand. Furthermore, going beyond Rudi and Pyke (2000), the model formulation in Chap. 4 includes multiple sources of uncertainty and an alternative market. 2 Purposes of Contracts Tsay et al. (1999, p. ) distinguish three purposes of supply chain contracts: system-wide performance improvement, risk sharing, and facilitation of long-term partnerships.

83–104). Spremann and Klinkhammer (1985) identify several circumstances under which two-part tariffs can be observed. , p. 792). Comparing a two-part tariff with option contracts as proposed in Chap. 4, two decisive differences apply: Firstly, in the option contract, both payments (at reservation and at execution) are volume-dependent, in the two-part tariff only one. Secondly, when considering a setting as depicted in Fig. 1, the application of a two-part tariff as wholesale payment would still imply the buyer to make the decision about the quantity delivered by the seller before demand is realized; in the case of the option contract, the buyer makes this decision with knowledge about actual demand.

One of the standard building blocks for modeling order quantity decisions under stochastic demand is the Newsboy model, which represents the basis for most discrete-time stochastic inventory models (cf. Lee and Nahmias 1993, p. 26). Because the structure of the buyer’s problem in Chap. 4 also corresponds to a Newsboy-like situation, the genesis and formulation of as well as extensions to the standard Newsboy model are introduced in the following subsection. Subsequent to this, purposes of supply contracts, different contract types, and their application for capacity reservation are discussed.

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Capacity Options for Revenue Management: Theory and Applications in the Air Cargo Industry by Rolf Hellermann

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