Table of Contents Author Guidelines Submit a Manuscript
Mathematical Problems in Engineering
Volume 2016, Article ID 5073053, 8 pages
http://dx.doi.org/10.1155/2016/5073053
Research Article

The Research on Ticket Fare Optimization for China’s High-Speed Train

School of Traffic and Transportation, Beijing Jiaotong University, Beijing 100044, China

Received 6 June 2016; Accepted 28 July 2016

Academic Editor: Paolo Crippa

Copyright © 2016 Jinzi Zheng and Jun Liu. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

Linked References

  1. L. R. Weatherford and S. E. Bodily, “A taxonomy and research overview of perishable-asset revenue management: yield management, overbooking, and pricing,” Operations Research, vol. 40, no. 5, pp. 831–844, 1992. View at Publisher · View at Google Scholar
  2. J. I. McGill and G. J. Van Ryzin, “Revenue management: research overview and prospects,” Transportation Science, vol. 33, no. 2, pp. 233–256, 1999. View at Publisher · View at Google Scholar · View at Scopus
  3. G. Bitran and R. Caldentey, “An overview of pricing models for revenue management,” Manufacturing & Service Operations Management, vol. 5, no. 3, pp. 203–229, 2003. View at Publisher · View at Google Scholar · View at Scopus
  4. W. Elmaghraby and P. Keskinocak, “Dynamic pricing in the presence of inventory considerations: research overview, current practices, and future directions,” Management Science, vol. 49, no. 10, pp. 1287–1309, 2003. View at Publisher · View at Google Scholar · View at Scopus
  5. A. Armstrong and J. Meissner, “Railway revenue management: overview and models,” Working Paper, Lancaster University Management School, Lancaster, UK, 2010. View at Google Scholar
  6. R. Preston McAfee and V. te Velde, “Dynamic pricing in the airline industry,” Working Paper, California Institute of Technology, Pasadena, Calif, USA, 2005. View at Google Scholar
  7. W. M. Kincaid and D. A. Darling, “An inventory pricing problem,” Journal of Mathematical Analysis and Applications, vol. 7, pp. 183–208, 1963. View at Publisher · View at Google Scholar · View at MathSciNet · View at Scopus
  8. R. E. Chatwin, “Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices,” European Journal of Operational Research, vol. 125, no. 1, pp. 149–174, 2000. View at Publisher · View at Google Scholar · View at Zentralblatt MATH · View at Scopus
  9. G. Gallego and G. V. Ryzin, “Optimal dynamic pricing of inventories with stochastic demand over finite horizons,” Management Science, vol. 40, no. 8, pp. 999–1020, 1994. View at Publisher · View at Google Scholar · View at Scopus
  10. G. Gallego and G. Van Ryzin, “A multiproduct dynamic pricing problem and its applications to network yield management,” Operations Research, vol. 45, no. 1, pp. 24–41, 1997. View at Publisher · View at Google Scholar · View at Zentralblatt MATH · View at Scopus
  11. Y. Feng and G. Gallego, “Optimal starting times for end-of-season sales and optimal stopping times for promotional fares,” Management Science, vol. 41, no. 8, pp. 1371–1391, 1995. View at Publisher · View at Google Scholar
  12. F. Shi, “Optimal dynamic pricing of railway passenger tickets,” Journal of the China Railway Society, vol. 24, no. 1, pp. 1–4, 2002. View at Google Scholar
  13. X. Zhang, Research on Railway Ticket Discount Sales in China, Southwest Jiaotong University, Sichuan, China, 2005.
  14. X. Zhang, W. Luan, Q. Cai, and B. Zhao, “Research on dynamic pricing between high speed rail and air transport under the influence of induced passenger flow,” Information Technology Journal, vol. 11, no. 4, pp. 431–435, 2012. View at Publisher · View at Google Scholar · View at Scopus
  15. E. Yao, Q. Yang, Y. Zhang, and X. Sun, “A study on high-speed rail pricing strategy in the context of modes competition,” Discrete Dynamics in Nature and Society, vol. 2013, Article ID 715256, 6 pages, 2013. View at Publisher · View at Google Scholar · View at Scopus
  16. Q. Bingyi, Research on revenue management for dedicated passenger line based on passenger choice behavior [Ph.D. thesis], Southwest Jiaotong Universiy, 2014.
  17. K. Xiang'an, TGV High-Speed Railway in France, Southwest Jiaotong University Press, Chengdu, China, 1997.
  18. I. Abe, Revenue Management in the Railway Industry in Japan and Portugal: A Stakeholder Approach, Massachusetts Institute of Technology (MIT), Cambridge, Mass, USA, 2007.
  19. J. Preston, “Competition in British railways—what have we learned,” in Proceedings of the Danish Transport Conference, Aalborg, Denmark, August 1999.
  20. K. T. Talluri and G. J. van Ryzin, The Theory and Practice of Revenue Management, International Series in Operations Research & Management Science, Kluwer Academic, Boston, Mass, USA, 2004. View at Publisher · View at Google Scholar · View at MathSciNet