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Alexander Armstrong, Joern Meissner
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| Abstract |
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The railway industry offers similar revenue management opportunities to those
found in the airline industry. The railway industry caters for the delivery and
management of cargo as well as the transport of passengers. Unlike the airline
industry, the railway industry has seen relatively little attention to revenue management
problems.
We provide an overview of the published literature for both passenger and
freight rail revenue management. We include a summary of the some the available
models and include some possible extensions. From the existing literature
and talks with industry, it is clear that that there is room to exploit revenue management
techniques in the railway industry, an industry that has revenues of $60
billion in the US and promises huge growth in Europe in the forthcoming years. |
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| Keywords |
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Railway, Revenue Management, Pricing, Passenger, Freight, Models
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| Status |
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Working Paper |
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| Download |
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www.meiss.com/download/RM-Armstrong-Meissner.pdf
(158 kb) |
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| Reference |
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BibTeX,
Plain Text |
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