The revenue-management control record
Name the resource, horizon, state, control, outcome, and evidence boundary before choosing a heuristic.
Reference & Evidence
Source: Author's worksheet grounded in the constrained-capacity and control distinctions in Maglaras and Meissner (2006). Blank fields are reader inputs; no performance result or implementation recommendation is supplied.
Each line is a claim from the register this journal publishes against, resolved from the register at build time.
- A The model, verbatim: "a firm that owns a fixed capacity of a resource that is consumed in the production or delivery of multiple products" maglaras-meissner-2006-dynamic-pricing-revenue-management ·
MM06-C1 - A Two variants, not one: "we consider two well studied variants of this problem": price-setting under market power, and capacity control at fixed prices maglaras-meissner-2006-dynamic-pricing-revenue-management ·
MM06-C2 - A The reduction is the contribution: both problems reduce to a formulation "in which the firm controls the aggregate rate at which all products jointly consume resource capacity" maglaras-meissner-2006-dynamic-pricing-revenue-management ·
MM06-C3 - A The three policies are the paper's own, and so is the limit on the strongest one: it proposes "a static pricing heuristic, (ii) a static pricing heuris"tic applied with a capacity allocation policy, and a resolving heuristic that reevaluates the fluid policy, of which "we show that “resolving” the fluid heuristic achieves asymptotically optimal performance" under fluid scaling, which is an asymptotic result and not a claim about any single market maglaras-meissner-2006-dynamic-pricing-revenue-management ·
MM06-C4 - A The heuristics are fluid-scale asymptotically optimal only where potential demand and capacity grow proportionally large maglaras-meissner-2006-dynamic-pricing-revenue-management ·
MM06-C5 - A The numerical section compares policies on specified model instances, and its results do not establish a portable commercial effect maglaras-meissner-2006-dynamic-pricing-revenue-management ·
MM06-C6
Grades: A, verified against the printed page of the primary source · B, primary source, text layer only · C, authoritative secondary · D, reported.
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