Dynamic Pricing for Multiple-Class High-Speed Railway on the Internet

Qing Qing Yang; Li Ping Xu; Yue Yang

doi:10.4028/www.scientific.net/AMM.253-255.1263

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 253-255Dynamic Pricing for Multiple-Class High-Speed...

Dynamic Pricing for Multiple-Class High-Speed Railway on the Internet

Abstract:

By incorporating a cumulative distribution function of the maximum permissible purchasing price, a discrete time dynamic pricing model is developed in which the high-speed railway can set its prices at the time of booking request arrivals. The dynamic pricing policy included suitable price for the opened booking classes with respect to different combination of booking statues and remaining planning time, and when to close those opened booking classes.

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Periodical:

Applied Mechanics and Materials (Volumes 253-255)

Pages:

1263-1267

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.253-255.1263

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Online since:

December 2012

Authors:

Qing Qing Yang, Li Ping Xu, Yue Yang

Keywords:

Dynamic Pricing, High-Speed Railway (HSR), Internet, Multiple-Class

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