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HEC Montréal, Canada, May 2 - 4, 2011

2011 Optimization Days

HEC Montréal, Canada, 2 — 4 May 2011

Schedule Authors My Schedule

WA10 Gestion de revenu / Revenue Management

May 4, 2011 10:30 AM – 12:10 PM

Location: Van Houtte

Chaired by Marco Bijvank

3 Presentations

  • 10:30 AM - 10:55 AM

    Some Properties of a Stochastic Bilevel Program (SBP) of Pricing Problem

    • Shahrouz Mirzaalizadeh, presenter, École Polytechnique de Montréal
    • Gilles Savard, Polytechnique Montréal
    • Patrice Marcotte, Université de Montréal

    This talk considers a tariff setting problem with stochastic demand and market prices and presents some properties of a two-stage SB model of pricing problem. Two examples have also been provided to illustrate our model.

  • 10:55 AM - 11:20 AM

    Improved Bid Prices for Multistage Network Revenue Management

    • Marco Bijvank, presenter, Université de Montréal
    • Pierre L'Ecuyer, Université de Montréal
    • Patrice Marcotte, Université de Montréal

    We present new and efficient mathematical programming methods to compute time-dependent bid prices to control the availability of products for a network revenue management problem with stochastic demand. The frequency to update the bid prices during the booking horizon is arbitrary, which makes our new procedures very flexible.

  • 11:20 AM - 11:45 AM

    Towards Controlling the "Year-End Tsunami" in Government Expenditures: Insights from the Newsboy Problem

    • Jack Brimberg, presenter, GERAD, The Royal Military College of Canada
    • W.J. Hurley, The Royal Military College of Canada

    We present an interesting application of the Newsboy Problem in the context of allocating government operating expenditures. The results of the model suggest that it is reasonable that a government department have lapsed funding some of the time. It also suggests that the "use it or lose it" incentive that seems to govern the behavior of public sector financial managers is not a good one.

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