Online dynamic pricing policy for two-dimensional revenue management of container liners
Bingzhou Li · Guanli kexue xuebao · 2012
A stochastic model for online dynamic pricing with multiple segments and multiple container types of two-dimensional revenue management is brought forward to maximize the total revenue of a container liner company under the condition of the realistic constraints.Then the optimal online dynamic pricing policy is presented.The bound of the value function of the model is proved and a more practical heuristic algorithem is presented based on the thought of reducing the dimensionality.The dynamic pricing policies are analyzed in three different cases—where there are one segment and one container,where there are one segment and multiple container types and where there are multiple segments and multiple container types—in our numerical examples.The analysis results show that the optimal price is monotonic in the first case,but is not necessarily monotonic in the second and third case.