Subjects -> BUSINESS AND ECONOMICS (Total: 3510 journals)
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    - BANKING AND FINANCE (297 journals)
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    - CONSUMER EDUCATION AND PROTECTION (20 journals)
    - COOPERATIVES (4 journals)
    - ECONOMIC SCIENCES: GENERAL (202 journals)
    - ECONOMIC SYSTEMS, THEORIES AND HISTORY (235 journals)
    - FASHION AND CONSUMER TRENDS (20 journals)
    - HUMAN RESOURCES (103 journals)
    - INSURANCE (26 journals)
    - INTERNATIONAL COMMERCE (145 journals)
    - INTERNATIONAL DEVELOPMENT AND AID (103 journals)
    - INVESTMENTS (22 journals)
    - LABOR AND INDUSTRIAL RELATIONS (61 journals)
    - MACROECONOMICS (17 journals)
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    - MICROECONOMICS (23 journals)
    - PRODUCTION OF GOODS AND SERVICES (143 journals)
    - PUBLIC FINANCE, TAXATION (37 journals)
    - TRADE AND INDUSTRIAL DIRECTORIES (2 journals)

INTERNATIONAL COMMERCE (145 journals)                     

Showing 1 - 136 of 136 Journals sorted by number of followers
Journal of Monetary Economics     Hybrid Journal   (Followers: 96)
Information Technologies & International Development     Open Access   (Followers: 82)
International Economic Review     Hybrid Journal   (Followers: 61)
International Labour Review     Partially Free   (Followers: 60)
Journal of International Business Studies     Hybrid Journal   (Followers: 47)
IMF Economic Review     Hybrid Journal   (Followers: 44)
Review of International Political Economy     Hybrid Journal   (Followers: 41)
Journal of International Money and Finance     Hybrid Journal   (Followers: 39)
Journal of International Economics     Hybrid Journal   (Followers: 38)
International Review of Social History     Full-text available via subscription   (Followers: 33)
Journal of International Development     Hybrid Journal   (Followers: 32)
International Review of Economics & Finance     Hybrid Journal   (Followers: 30)
International Review of Law and Economics     Hybrid Journal   (Followers: 27)
International Finance     Hybrid Journal   (Followers: 27)
PharmacoEconomics     Full-text available via subscription   (Followers: 27)
Journal of International Marketing     Full-text available via subscription   (Followers: 24)
Quarterly Journal of Political Science     Full-text available via subscription   (Followers: 20)
Journal of International Financial Markets, Institutions and Money     Hybrid Journal   (Followers: 20)
International Journal of Applied Behavioral Economics     Full-text available via subscription   (Followers: 19)
Journal of World Trade     Full-text available via subscription   (Followers: 19)
Human Resource Management International Digest     Hybrid Journal   (Followers: 19)
Journal of International Trade Law and Policy     Hybrid Journal   (Followers: 19)
Career Development International     Hybrid Journal   (Followers: 18)
Human Resource Development International     Hybrid Journal   (Followers: 18)
European Business Law Review     Full-text available via subscription   (Followers: 17)
African Journal of Economic and Sustainable Development     Hybrid Journal   (Followers: 17)
Journal of Contemporary European Research     Open Access   (Followers: 16)
Studies in Comparative International Development     Hybrid Journal   (Followers: 16)
International Labor and Working-Class History     Full-text available via subscription   (Followers: 15)
International Environmental Agreements: Politics, Law and Economics     Hybrid Journal   (Followers: 14)
Review of International Economics     Hybrid Journal   (Followers: 14)
International Marketing Review     Hybrid Journal   (Followers: 13)
Advances in Accounting     Hybrid Journal   (Followers: 12)
Journal of International Trade & Economic Development: An International and Comparative Review     Hybrid Journal   (Followers: 12)
International Small Business Journal     Hybrid Journal   (Followers: 11)
European Company Law     Full-text available via subscription   (Followers: 11)
International Review of Financial Analysis     Hybrid Journal   (Followers: 10)
Journal of International Entrepreneurship     Hybrid Journal   (Followers: 10)
Journal of the Association for Consumer Research     Full-text available via subscription   (Followers: 10)
International Business Review     Hybrid Journal   (Followers: 9)
World Competition     Full-text available via subscription   (Followers: 9)
International Review of Finance     Hybrid Journal   (Followers: 9)
World Trade and Arbitration Materials     Full-text available via subscription   (Followers: 9)
Journal of International Consumer Marketing     Hybrid Journal   (Followers: 9)
International Entrepreneurship and Management Journal     Hybrid Journal   (Followers: 8)
International Studies of Management and Organization     Full-text available via subscription   (Followers: 8)
Emerging Markets Finance and Trade     Hybrid Journal   (Followers: 8)
Journal for International Business and Entrepreneurship Development     Hybrid Journal   (Followers: 8)
International Economic Journal     Hybrid Journal   (Followers: 8)
Information Resources Management Journal     Full-text available via subscription   (Followers: 8)
International Public Management Journal     Hybrid Journal   (Followers: 8)
Antitrust Bulletin     Hybrid Journal   (Followers: 8)
Competition and Regulation in Network Industries     Full-text available via subscription   (Followers: 7)
Management International Review     Hybrid Journal   (Followers: 7)
International Advances in Economic Research     Hybrid Journal   (Followers: 6)
International Review of Applied Economics     Hybrid Journal   (Followers: 6)
International Economics and Economic Policy     Hybrid Journal   (Followers: 6)
Global Trade and Customs Journal     Full-text available via subscription   (Followers: 6)
South African Journal of International Affairs     Hybrid Journal   (Followers: 6)
TDM Transnational Dispute Management Journal     Full-text available via subscription   (Followers: 5)
Journal of International Management     Hybrid Journal   (Followers: 5)
EC Tax Review     Full-text available via subscription   (Followers: 5)
Journal of International Accounting, Auditing and Taxation     Hybrid Journal   (Followers: 5)
Intertax     Full-text available via subscription   (Followers: 4)
Journal of Chinese Human Resource Management     Hybrid Journal   (Followers: 4)
IN VIVO     Full-text available via subscription   (Followers: 4)
Journal of the Japanese and International Economies     Hybrid Journal   (Followers: 4)
International Insolvency Review     Hybrid Journal   (Followers: 4)
International Review of Economics     Hybrid Journal   (Followers: 4)
Journal of International Financial Management & Accounting     Hybrid Journal   (Followers: 4)
Journal of Revenue and Pricing Management     Hybrid Journal   (Followers: 4)
Revue Internationale du Travail     Full-text available via subscription   (Followers: 3)
Foreign Trade Review     Hybrid Journal   (Followers: 3)
Syracuse Journal of International Law and Commerce     Open Access   (Followers: 3)
European Journal of International Management     Hybrid Journal   (Followers: 3)
International Review of Retail, Distribution and Consumer Research     Hybrid Journal   (Followers: 3)
Monthly Statistics of International Trade - Statistiques mensuelles du commerce international     Full-text available via subscription   (Followers: 3)
International Economics     Hybrid Journal   (Followers: 3)
International Review on Public and Nonprofit Marketing     Hybrid Journal   (Followers: 3)
Management international / International Management / Gestiòn Internacional     Full-text available via subscription   (Followers: 3)
World Food Policy     Hybrid Journal   (Followers: 3)
Digital Finance : Smart Data Analytics, Investment Innovation, and Financial Technology     Hybrid Journal   (Followers: 3)
Journal of International Food & Agribusiness Marketing     Hybrid Journal   (Followers: 2)
Asian Journal of Shipping and Logistics     Open Access   (Followers: 2)
International Transactions In Operational Research     Hybrid Journal   (Followers: 2)
China Business Review     Full-text available via subscription   (Followers: 2)
Qualitative Research in Financial Markets     Hybrid Journal   (Followers: 2)
Journal of Chinese Economic and Foreign Trade Studies     Hybrid Journal   (Followers: 2)
International Trade Journal : Western Hemispheric Studies     Hybrid Journal   (Followers: 2)
Journal of Korea Trade     Full-text available via subscription   (Followers: 1)
MEED Middle East Economic Digest     Full-text available via subscription   (Followers: 1)
Global Summitry     Hybrid Journal   (Followers: 1)
Global & Strategis     Open Access   (Followers: 1)
Acta Economica Et Turistica     Open Access   (Followers: 1)
Transnational Corporations Review     Hybrid Journal   (Followers: 1)
Economic Journal of Emerging Markets     Open Access   (Followers: 1)
International Journal of Export Marketing     Hybrid Journal   (Followers: 1)
World Oil Trade     Hybrid Journal   (Followers: 1)
Journal of Economics and International Finance     Open Access   (Followers: 1)
Estudos Internacionais : revista de relações internacionais da PUC Minas     Open Access   (Followers: 1)
Research World     Hybrid Journal   (Followers: 1)
Asia and the Global Economy     Open Access   (Followers: 1)
Economics Research International     Open Access   (Followers: 1)
Revue internationale P.M.E. : économie et gestion de la petite et moyenne entreprise     Full-text available via subscription   (Followers: 1)
Critical Perspectives on International Business     Hybrid Journal   (Followers: 1)
International Commerce Review     Hybrid Journal   (Followers: 1)
Botswana Journal of Economics     Open Access   (Followers: 1)
Journal of Antitrust Enforcement     Hybrid Journal   (Followers: 1)
Japanese Political Economy     Full-text available via subscription   (Followers: 1)
International Journal of Asian Business and Information Management     Full-text available via subscription   (Followers: 1)
L'Année du Maghreb     Open Access   (Followers: 1)
Amnis     Open Access   (Followers: 1)
China Economic Quarterly International     Open Access  
Regional Formation and Development Studies     Open Access  
Journal of Reviews on Global Economics     Open Access  
Journal of International Business Policy     Hybrid Journal  
East Asian Community Review     Hybrid Journal  
Ekonomia Międzynarodowa     Open Access  
Jurnal Ilmu Ekonomi Terapan     Open Access  
Jurnal Hubungan Internasional     Open Access  
Journal of Advanced Research in Economics and International Business     Full-text available via subscription  
Proceedings of the International Conference on Business Excellence     Open Access  
Journal of Accounting and Finance in Emerging Economies     Open Access  
International Journal of Governance and Financial Intermediation     Hybrid Journal  
South American Development Society Journal     Open Access  
Revista Multiface Online     Open Access  
Revue internationale de l'économie sociale     Full-text available via subscription  
Expert Journal of Business and Management     Open Access  
Crossroads     Hybrid Journal  
Relações Internacionais (R:I)     Open Access  
Revista Brasileira de Gestão de Negócios     Open Access  
Journal of Theoretical and Applied Electronic Commerce Research     Open Access  
International Journal of Commerce and Management     Hybrid Journal  
EMAJ : Emerging Markets Journal     Open Access  
Journal of International Commerce, Economics and Policy     Hybrid Journal  
Journal of Comparative International Management     Full-text available via subscription  

           

Similar Journals
Journal Cover
Journal of Revenue and Pricing Management
Journal Prestige (SJR): 0.416
Number of Followers: 4  
 
  Hybrid Journal Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1476-6930 - ISSN (Online) 1477-657X
Published by Springer-Verlag Homepage  [2467 journals]
  • Correction to: Customer-centric influence of entrepreneurial marketing on
           business performance of hotels in Nigeria during the COVID-19 crisis

    • Free pre-print version: Loading...

      PubDate: 2022-12-01
       
  • Forecasting at capacity: the bias of unconstrained forecasts in model
           evaluation

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      Abstract: Abstract Revenue management practices require accurate forecasts for optimal rate decisions, and therefore researchers and industry are keen on identifying the most accurate methods. This study is first to discuss the challenges of forecasting evaluation when predictions exceed capacity. Specifically, evaluators face two choices that are identified and defined, leading to the studies hypotheses. The empirical investigation confirms the importance of considering how to manage these predictions in the evaluation phase and demonstrates how the choice may sway overall accuracy measures and bias the results of model performance. The findings have important implications for capacity-based forecasting research and revenue management practice, since this previously undiscussed capacity-induced bias may alter the results of forecasting studies in academia, as well as the effectiveness of revenue management practices.
      PubDate: 2022-12-01
       
  • Does it pay to book direct': Customers’ perceptions of online
           channel distributors, price, and loyalty membership on brand dimensions

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      Abstract: Abstract To attract a transient market, hotels primarily use several distribution channels, such as the following: the hotel directly, central reservation offices, travel agents, and online booking systems. Yet, little attention has been paid to the revenue management implications with regard to the focus on distribution channels. The purpose of this study was to examine the effects of channels and prices on brand dimensions and to study the role of hotel loyalty membership in the relationships. A 2 (channel) × 2 (price) × 2 (loyalty membership) quasi-experiment was designed to test the research objectives. Multivariate Analysis of Variance was used to test significant differences. The findings provide implications for the industry.
      PubDate: 2022-12-01
       
  • Efficiency measurement for revenue management

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      Abstract: Abstract New measure for revenue management efficiency based on the information ratio of the analyst decisions is introduced. Compared to the often-used revenue opportunity models based on greedy upper and lower revenues this measure is defined for all demand levels and inherently expresses the effect of demand forecast errors. In this study, we consider Gaussian demand vector with possibly non-zero covariance, although the model translates to any demand distribution.
      PubDate: 2022-12-01
       
  • Customer-centric influence of entrepreneurial marketing on business
           performance of hotels in Nigeria during the COVID-19 crisis

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      Abstract: Abstract The ravaging COVID-19 pandemic has forced hotels in developed countries to adopt entrepreneurial marketing (EM) practices as a resilience strategy. However, there are few studies in Nigeria on how EM practices have been used in the hotel industry for their survival and growth. The study examines the customer-centric influence of EM on business performance of hotels in Nigeria during the COVID-19 crisis. Using a cross-sectional survey design, we collected primary data from 578 owner-managers and top managers of 66 hotels in Lagos and Yola in Nigeria using structured questionnaires. Respondents were selected based on the purposive sampling technique. The data collected were analysed using descriptive and inferential statistics with the aid of statistical package for social sciences (SPSS Version 21). Three regression estimations are reported. The estimation in model 1 indicates that calculated risk-taking dimension has a significant positive influence on general performance, while the proactiveness, innovativeness, value creation, resource leveraging, opportunity to focus and customer intensity dimensions do not. The estimation in model 2 suggests that calculated risk-taking and customer intensity dimensions have a significant positive influence on revenue per room, while the other five EM dimensions do not. The estimation in model 3 indicates that calculated risk-taking dimension has a significant positive influence on market share, while the six EM dimensions do not. The owner-mangers and top managers of hotels should fortify and upscale the weak EM dimensions as a resilience strategy for recovery from the ravages of the COVID-19 crisis. We bridge the gaps in the literature by providing interesting insights into the potential value of the adoption of EM as a post-COVID-19 recovery strategy by the hotel segment of the hospitality industry in the developing context of Nigeria. We also validate the applicability of RBT in predicting the influence of EM dimensions on performance in the developing context.
      PubDate: 2022-12-01
       
  • Competitive pricing on online markets: a literature review

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      Abstract: Abstract Past reviews of studies concerning competitive pricing strategies lack a unifying approach to interdisciplinarily structure research across economics, marketing management, and operations. This academic void is especially unfortunate for online markets as they show much higher competitive dynamics compared to their offline counterparts. We review 132 articles on competitive posted goods pricing on either e-tail markets or markets in general. Our main contributions are (1) to develop an interdisciplinary framework structuring scholarly work on competitive pricing models and (2) to analyze in how far research on offline markets applies to online retail markets.
      PubDate: 2022-12-01
       
  • A cross-cultural study of competitive intelligence in revenue management

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      Abstract: Abstract This paper extends the examination of competitive intelligence to revenue management. Revenue management decisions are contingent upon the actions and reactions of competitors. The current study used a cross-cultural approach that compared the use of competitive intelligence by US and Turkish revenue managers by conducting a qualitative study of revenue managers in these locations. Both sets of revenue managers share a similar definition of competitive intelligence and use technology to gather competitive intelligence. The findings also suggest integrity issues for data in Istanbul and that ethical challenges are a central part of competitive intelligence usage.
      PubDate: 2022-12-01
       
  • Impact of consumer behavior on online resale price and transaction closure

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      Abstract: Abstract The consumer seller’s expected price for their old product in the resale online market is most of the time significantly higher than the potential buyer transaction price, which results in fewer chances of transaction closure. The proposed work aims to analyze the consumer seller and buyer behavior to drive a relationship among the seller expected price, transaction price, and probability of deal closure of resale product. Data of online resale platform are analyzed and used to develop machine learning models. The consumer seller expected and transaction price model results have been compared to derive the relationship with the probability of transaction closure. The change in predicted and the actual prices is judged by using statistical parameter's mean absolute percentage error (MAPE). This research can help businesses to understand customer expectations of resale price and helps customers to put right price for a high probability of the transaction.
      PubDate: 2022-12-01
       
  • Florida tourist development tax changes and the risk to hotel revenue

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      Abstract: Abstract Taxes such as the Florida Tourist Development Taxes are popular in the United States. Earlier research on rate increases for these bed taxes identified a surprising short-term decline in pre-tax lodging spending. We address the surprise with hotel data that include price and quantity measures. Results show that when Florida counties increase the rate, room rental quantity reductions can occur. As prices charged by operators generally do not change, the Florida lodging industry faces the risk of potential loss of revenue when rate increases are enacted. This risk partially explains why counties have not moved quickly to the statutory maximum.
      PubDate: 2022-12-01
       
  • Availability control under online reviews in hospitality

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      Abstract: Abstract This study explored how a hotel can appropriately decide what product set to offer in a sale period based on consumers’ choice preferences and the behavior of referencing online ratings. This study referred to the choice-based deterministic linear programming model and collected the data from the Hsuan Chuang University’s affiliated hotel, Yun Lai Hotel, to determine how a hotel should offer the product set in the planning period. The findings showed that (i) all product items should be offered in the sale period when there are plenty of vacant rooms in a hotel; (ii) in the circumstance of a low occupancy rate, a hotel should offer all product items; (iii) in the high occupancy rate situation, a hotel should offer all product items with lower expected revenue in the whole sale period, but provide products items with higher expected revenue in the partial sale period.
      PubDate: 2022-11-28
       
  • Book now, pay later: the effects of delays in payments and temporal
           distance on consumers’ perceptions and purchase intention

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      Abstract: Abstract In today’s hotel industry, ‘book now, pay later’ practice is widespread. However, despite the prevalence of this phenomenon, the psychological and behavioral influences of ‘book now, pay later’ transactions on consumers have received almost no research attention. Using an experimental design, this research examined how deferred payments influence consumers’ perceived price, perceived risks, and purchase intention according to the time of booking in the leisure travel context. The results demonstrated that people perceived less risks and had a greater purchase intention when a hotel offered the ‘pay later’ option compared to the ‘pay now’ option. However, individuals planning a trip in the near future did not show any significant differences in perceived risks and purchase intention between the options of ‘pay later’ and ‘pay now’.
      PubDate: 2022-11-27
       
  • Leveraging booking information for offer personalization and GDPR
           consequences

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      Abstract: Abstract By creating personalized offers, airlines aim at offering their customers what they are the most likely to buy. Knowing customers is usually considered as a mandatory step to achieve that goal. In this paper, we will examine Passenger Name Record (PNR) data as a source of information, and how it can be used for a better customer knowledge. PNR data’s content is rich: not only on whom the customer is and on what he bought, but also on the history of his/her purchase (when he/she bought, canceled, changed). Once cleaned and organized, PNR data provide a solid base for personalization. But their usage is challenged by privacy rules, especially GDPR (General Data Protection Regulation) in Europe. We will explain how. Most people think of personalization as producing 1:1 offers. The efficiency of such an approach is questionable. GDPR makes it very difficult. Nevertheless, making “personalized proposals” can come down to fitting what the customer is looking for. This way conversion rate and customer satisfaction improve directly. And the process remains achievable, ensuring a virtuous privacy approach. Statistical analysis of anonymous data and context usage can be combined for best results Anonymized data can be used to qualify consistent groups of customers, using very simple clustering methods. The content of a shopping request (= the context) can then be used to connect the customer to one of the identified groups. The offer that is then produced is adjusted accordingly
      PubDate: 2022-11-24
       
  • Evaluating promotional pricing effectiveness using convenience store daily
           sales data

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      Abstract: Abstract One of the activities that can grab customers attention and rise sales for convenience stores is promotional pricing strategy. Our study aims to examine the effects of promotional pricing and other factors on sales. Six categories of products with 286 SKUs are explored. Four models are compared, and the results show that autoregressive-distributed lag model provides the lowest mean absolute percentage error (MAPE). This model can also capture the interaction between promotion and non-promotion products. Price elasticity of each product is found to be different, and it results different optimal prices for the maximum profit. Moreover, factors like holidays, the beginning of the month, or weekend, can uplift sales at a specific time. Unlike previous literature, this paper focuses on daily sales and related recent factors such as the number of COVID-19 cases. The methodology presented in this research provides guidelines for retailers to measure their pricing strategy and can be managerial insights for other retailers’ future strategy.
      PubDate: 2022-11-23
       
  • Market segmentation and dynamic price discrimination in the U.S. airline
           industry

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      Abstract: Abstract Airfares are affected by a variety of factors, but it is less clear which factors are the key determinants and how they interact. Based on a unique transaction level data set, this paper introduces a widely used, machine learning based pricing tool to investigate the airline market segmentation and dynamic price discrimination problems. The empirical results suggest that purchasing time, city distance, market structure, market size, and seat availability are the five most important pricing factors in order. Airlines first partition their markets into an early market and a late market, and split the market further by city distance and other factors. While intertemporal price discrimination explains the majority of fare variations, there are strong indications that airlines use their market power in the late market and charge higher fares on late-arriving consumers (but not on early consumers), in response to extra seats sold.
      PubDate: 2022-11-21
       
  • Airline CEO’s AI system for driving personalization

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      Abstract: Abstract We present a Personalization AI system meant for the CEO and the C-Suite to guide a Personalization program at airlines to increase profits. This system will help the C-Suite focus the organization on emerging risks and opportunities around customer Personalization while driving sound Revenue Management principles. Today the C-Suite gets their information through presentations, excel spreadsheets and dashboards. We present an AI-based decision support system for the C-Suite. The AI system is grounded and wired into the Big Data/transactions of the company and models the real-time state of the organization.
      PubDate: 2022-11-16
       
  • A model for optimizing operating margin at the retailer’s point of
           sale

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      Abstract: Abstract A unique construction of a linear demand curve valid over a single-sales cycle is used to determine the product price and inventory that optimizes a retailer’s operating profit margin. In addition to practical solutions to pricing and inventory, the approach provides insights into the appropriate response to over stocking, market segmentation, dynamic pricing, and price versus cost competition. The analysis is tractable, requiring only basic calculus and excel functionality, and is applied to real-world scenarios of pricing consumables and durables.
      PubDate: 2022-11-16
       
  • The personalized recommendation for OTA flight cancellation and change
           services during the pandemic

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      Abstract: Abstract The COVID-19 pandemic has had a dramatic impact on people’s travels. Due to the recurrent pandemic and regionally different policies in China, travelers must pay a lot for flight cancellations and changes. To accommodate this, online travel agencies (OTA) can provide a more flexible ancillary as a supplement to the airline company's services. Here, we introduced the upgraded all-in-one (AIO) service package, which offers compensation for flight delays, changes, or refund. We also designed a dynamic recommendation engine (DRE), which can make real-time personalized recommendations. Backed by AB testing, the machine learning-based DRE not only raises the package attach rate without interrupting the flight ordering process, but also helps the customers cut cost when making flight cancellations or changes.
      PubDate: 2022-11-14
       
  • Price estimation for Amazon Prime video in India

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      Abstract: Abstract There has been considerable changes in consumer sentiments toward over-the-top media services during COVID-19 Pandemic and after that. Following the changes in the consumer sentiments, marketers have repositioned there offerings aligning with the consumer willingness to pay. Accordingly, knowledge about consumers’ willingness to pay has become vital for success of the media service firms. The purpose of the paper is to estimate the price of subscription to Amazon Prime Video in India in the emergent context by gaining insights into the consumers’ willingness to pay. “Van Westendrop Price Sensitivity Model” was used to estimate the prices. The findings suggest an optimal price point of ₹1300/- per annum with a range of acceptable price between ₹1000/- and ₹1500 per annum. The estimated prices are consistent with prevailing prices.
      PubDate: 2022-11-13
       
  • How COVID-19 changed things and what we did about it

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      PubDate: 2022-09-22
       
  • Demand change detection in airline revenue management

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      Abstract: Abstract Demand shocks—unobservable, sudden changes in customer behavior—are a common source of forecast error in airline revenue management systems. The COVID-19 pandemic has been one example of a highly impactful macro-level shock that significantly affected demand patterns and required manual intervention from airline analysts. Smaller, micro-level shocks also frequently occur due to special events or changes in competition. Despite their importance, shock detection methods employed by airlines today are often quite rudimentary in practice. In this paper, we develop a science-based shock detection framework based on statistical hypothesis testing which enables fast detection of demand shocks. Under simplifying assumptions, we show how the properties of the shock detector can be expressed in analytical closed form and demonstrate that this expression is remarkably accurate even in more complex environments. Simulations are used to show how the shock detector can successfully be used to identify positive and negative shocks in both demand volume and willingness-to-pay. Finally, we discuss how the shock detector could be integrated into an airline revenue management system to allow for practical use by airline analysts.
      PubDate: 2022-08-06
      DOI: 10.1057/s41272-022-00385-8
       
 
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