SC&L SEMINAR SERIES :: Revenue Management for Sports and Entertainment Tickets

Event Details
  • Date/Time:
    • Wednesday October 12, 2005
      4:30 pm - 12:00 am
  • Location: Executive Classroom (Room 228 Main Building)
  • Phone:
  • URL:
  • Email:
  • Fee(s):
    N/A
  • Extras:
Contact
Barbara Christopher
Industrial and Systems Engineering
Contact Barbara Christopher
404.385.3102
Summaries

Summary Sentence: SC&L SEMINAR SERIES :: Revenue Management for Sports and Entertainment Tickets

Full Summary: SC&L SEMINAR SERIES :: Revenue Management for Sports and Entertainment Tickets

The sports and entertainment industries have been slow to adopt revenue management techniques. Although these industries face demand with similar characteristics to that of airlines and hotels, there are additional opportunities to manage demand by offering ticket packages for multiple events. We characterize the a priori optimal timing policy for offering a ticket package and individual tickets when customers arrive according to linear Markovian death processes. We extend the general model by determining the optimal policy for offering multiple packages, demand characterized by nonlinear death processes, and the optimal marginal pricing policy for a given sales horizon.

Students and faculty are invited to remain after the seminar for a coffee and snacks reception sponsored by the The Logistics Institute.

Additional Information

In Campus Calendar
No
Groups

School of Industrial and Systems Engineering (ISYE)

Invited Audience
No audiences were selected.
Categories
Seminar/Lecture/Colloquium
Keywords
No keywords were submitted.
Status
  • Created By: Barbara Christopher
  • Workflow Status: Published
  • Created On: Oct 8, 2010 - 7:37am
  • Last Updated: Oct 7, 2016 - 9:52pm