Number of hours
- Lectures 18.0
ECTS
ECTS 1.5
Goal(s)
The purpose of this course is to present some theoretical and practical aspects of Revenue Management (RM).
Contact Wojciech BIENIA
Content(s)
Emphasis will be placed on methods of modeling to find either an optimum (minimum or maximum) or equilibrium in various situations: economics, finance and also road traffic, for example.
This course covers three topics: mathematical modeling in general, various techniques of solutions for the most common models, and examples of solutions actually performed in air transport, traffic and many others.
Keywords:
- Modeling: linear programming and nonlinear deterministic and stochastic;
- Methods of solution: simplex, column generation, dynamic programming;
- Economic equilibria, transportation equilibria.
Prerequisites
concepts of linear programming, game theory, nonlinear optimization, dynamic programming (Bellman), stochastic processes
Test
written exam (2h),documents allowed; idem session 1 and 2
N1=E1
N2=E2
Additional Information
Curriculum->MMIS.->Semester 5
Bibliography
Bibliographie
(non exhaustive ; un complément bibliographique sera distribué ultérieurement)
(Non-exhaustive; additional bibliography will be distributed later):
[1] R.G. Cross: Revenue Management: Hard-Core Tactics for Market Domina-
tion, Broadway Books, New York, NY, USA , 1997.
[2] J.-Chr. Culioli : Introduction à l’optimisation, Ellipses, Paris, 1994.
[3] M. Florian: An improved linear approximation algorithm for the network equilibrium
(packet switching) problem. Proc. of the 1977 IEEE Conf. on Decision & Control
(1977), pp.812–818.