Dynamically Switching among Bundled and Single Tickets with Time-Dependent Demand Rates

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2012-01-01

Author

Duran, Serhan

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The most important market segmentation in sports and entertainment industry is the competition between customers that buy bundled and single tickets. A common selling practice is starting the selling season with bundled ticket sales and switching to selling single tickets later on. The aim of this practice is to increase the number of customers that buy bundles, which in return increases the load factor of the events with low demand. In this paper, we investigate the effect of time dependent demand on dynamic switching times from bundled to single ticket sales and the potential revenue gain over the case where the demand rate of events is assumed to be constant with time.

Subject Keywords

Products, Sales

URI

https://hdl.handle.net/11511/43197

Journal

MATHEMATICAL PROBLEMS IN ENGINEERING

DOI

https://doi.org/10.1155/2012/174069

Collections

Department of Industrial Engineering, Article

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Citation Formats

S. Duran, “Dynamically Switching among Bundled and Single Tickets with Time-Dependent Demand Rates,” MATHEMATICAL PROBLEMS IN ENGINEERING, pp. 0–0, 2012, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/43197.