Revenue management has been successfully applied to service-oriented industries for a long time. In the more recent past, besides these classical application areas, it has been introduced to other production and logistics processes as well. For the automobile industry so far, only a few revenue managementmodels have been developed but practically none for its used car sector. Being a sector with suitable prerequisites and a low pro't margin, this is a promising application area for price-based revenue management. As used cars are individual and durable goods unlike seat or room bookings, a...
Revenue management has been successfully applied to service-oriented industries for a long time. In the more recent past, besides these classical appl...