Construct · 1 fields · 1 citations

expected marginal seat revenue: a standalone construct

One name. One construct. A landmark on the map.

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Revenue management

a heuristic that sets protection levels across nested fare classes by comparing expected revenue from the marginal seat in each class.

In revenue management, expected marginal seat revenue refers to a heuristic that sets protection levels across nested fare classes by comparing expected revenue from the marginal seat in each class. This meaning comes from Belobaba (1989) in Operations Research.[1]

Unit
Recovery means
Measured by

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Nearby constructs

class3 fields · 3 citationsjingle · one word, three constructs heuristic4 fields · 4 citationsjingle · one word, four constructs marginal3 fields · 3 citationsjingle · one word, three constructs

References

Belobaba, P. P. (1989). OR Practice: Application of a Probabilistic Decision Model to Airline Seat Inventory Control. Operations Research, 37(2), 183-197. https://doi.org/10.1287/opre.37.2.183

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