Research Article

Dynamic Pricing of a Web Service in an Advance Selling Environment

Table 4

The optimal total sales revenue, total cancellation revenue, total revenue, profit, ratio of the profit to the total revenue, and ratio of the total cancellation revenue to the profit for Examples , , and .

ā€‰Example Example Example

Sales revenue223414371891
Cancellation revenue13198118
Total revenue236515352009
Profit605540575
Profit/total revenue26%35%31%
Cancellation revenue/profit22%18%19%