Joint Decision Model of Group Ticket Booking Limits and Individual Passenger Dynamic Pricing for the High-Speed Railway

Joint Decision Model of Group Ticket Booking Limits and Individual Passenger Dynamic Pricing for the High-Speed Railway

Rail operators in many countries discount group tickets to improve revenue by increasing price-driven demand. For individual passengers, dynamic pricing is beneficial for maximizing revenue based on the price discrimination principle. Usually, group fares are cheaper than individual fares. If too ma...

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Bibliographic Details
Main Authors: Zhenying Yan, Pingting Zhang, Yujia Zhang, Hui Liu, Chenxi Feng, Xiaojuan Li
Format: Article
Language:English
Published: MDPI AG 2019-09-01
Series:Symmetry
Subjects:
high-speed railway
revenue management
booking limit
dynamic pricing
group booking
dynamic programming
Online Access:https://www.mdpi.com/2073-8994/11/9/1128

Internet

https://www.mdpi.com/2073-8994/11/9/1128

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