AbstractRevenue management is widely practiced in the transport industry, but the bulk of the published literature deals with the airline industry. We consider the case of passenger services in the premium segment of Indian Railways (IR) and illustrate an application of the principles of revenue management. The strategy of overbooking is interpreted in terms of waitlist management by IR and cancellation action of customers. An attempt is made to derive elasticity estimates between key mode choices internal to the railways and finally, revenue management through differential pricing is suggested as a means to increase revenue on average.
Revenue management in railway operations: A study of the Rajdhani Express, Indian Railways
Transportation Research Part A: Policy and Practice ; 42 , 9 ; 1195-1207
2008-03-24
13 pages
Aufsatz (Zeitschrift)
Elektronische Ressource
Englisch
Revenue management in railway operations: A study of the Rajdhani Express, Indian Railways
Online Contents | 2008
|Revenue management in railway operations: A study of the Rajdhani Express, Indian Railways
Online Contents | 2008
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