A taxonomy of demand uncensoring methods in revenue management

A taxonomy of demand uncensoring methods in revenue management

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Article ID: iaor201525660
Volume: 13
Issue: 6
Start Page Number: 440
End Page Number: 456
Publication Date: Dec 2014
Journal: Journal of Revenue and Pricing Management
Authors: , ,
Keywords: management, statistics: inference
Abstract:

Revenue management systems rely on customer data, and are thus affected by the absence of registered demand that arises when a product is no longer available. In the present work, we review the uncensoring (or unconstraining) techniques that have been proposed to deal with this issue, and develop a taxonomy based on their respective features. This study will be helpful in identifying the relative merits of these techniques, as well as avenues for future research.

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