Show/Hide Menu
Hide/Show Apps
Logout
Türkçe
Türkçe
Search
Search
Login
Login
OpenMETU
OpenMETU
About
About
Open Science Policy
Open Science Policy
Open Access Guideline
Open Access Guideline
Postgraduate Thesis Guideline
Postgraduate Thesis Guideline
Communities & Collections
Communities & Collections
Help
Help
Frequently Asked Questions
Frequently Asked Questions
Guides
Guides
Thesis submission
Thesis submission
MS without thesis term project submission
MS without thesis term project submission
Publication submission with DOI
Publication submission with DOI
Publication submission
Publication submission
Supporting Information
Supporting Information
General Information
General Information
Copyright, Embargo and License
Copyright, Embargo and License
Contact us
Contact us
Dynamic switching times from season to single tickets in sports and entertainment
Date
2012-08-01
Author
Duran, Serhan
Yakici, Ertan
Metadata
Show full item record
This work is licensed under a
Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License
.
Item Usage Stats
186
views
0
downloads
Cite This
Revenue management can be used in many industries where there is a limited, perishable capacity and the market can be segmented. In this paper we focus on the sales of event tickets in the Sports and Entertainment industries, where tickets are sold exclusively as season tickets initially or as single events later in the selling horizon. We specifically study the optimal time to switch between these market segments dynamically as a function of the state of the system. Under Poisson demand processes, we find the optimal switching time is a set of time thresholds that depends on the remaining inventory and time left in the horizon. We use numerical experiments to show that significant profit improvements can be obtained by dynamically deciding the optimal switch time over the case when the date is announced in advance. We also study an extension where "early switch to a low-demand event" is allowed.
Subject Keywords
Control and Optimization
URI
https://hdl.handle.net/11511/48266
Journal
OPTIMIZATION LETTERS
DOI
https://doi.org/10.1007/s11590-011-0361-8
Collections
Department of Industrial Engineering, Article
Suggestions
OpenMETU
Core
Optimal pricing and ordering policy for non-instantaneous deteriorating items under inflation and customer returns
Ghoreishi, M.; Mirzazadeh, A.; Weber, Gerhard Wilhelm (Informa UK Limited, 2014-01-01)
This paper deals with an economic production quantity inventory model for non-instantaneous deteriorating items under inflationary conditions considering customer returns. We adopt a price-and time-dependent demand function. Also, the customer returns are considered as a function of both price and demand. The effects of time value of money are studied using the Discounted Cash Flow approach. The main objective is to determine the optimal selling price, the optimal replenishment cycles, and the optimal produ...
Management of bundled tickets in sports and entertainment industry
Yakıcı, Ertan; Süral, Haldun; Department of Industrial Engineering (2012)
Revenue management techniques can be used in industries where the capacity is limited and perishable, and the market can be segmented. In this work, the sales of event tickets in the sports and entertainment industry is focused, assuming tickets are sold initially as season tickets and as single tickets later in the revenue horizon. Basic decision problems within this context are the determination of optimal time at which the switch from bundled tickets to single tickets should occur and the decision of whi...
A two-echelon inventory model with stock-dependent demand and variable holding cost for deteriorating items
Pervin, Magfura; null, null; Kumar Roy, Sankar; Wilhelm Weber, Gerhard (American Institute of Mathematical Sciences (AIMS), 2017)
In this study, we develop an inventory model for deteriorating items with stock dependent demand rate. Shortages are allowed to this model and when stock on hand is zero, then the retailer offers a price discount to customers who are willing to back-order their demands. Here, the supplier as well as the retailer adopt the trade credit policy for their customers in order to promote the market competition. The retailer can earn revenue and interest after the customer pays for the amount of purchasing cost to ...
Are Women Differentially Appointed To Precarious Leadership Positions Evidence From Turkey
Acar, Feride Pınar (null; 2016-06-04)
Corporate Sustainability is a business approach that creates long-term shareholder value by embracing opportunities and managing risks deriving from economic, environmental and social developments. Sustainability operations are generally decided by top managers. From this point of view, the main aim of this study is to analyze businesses within Upper Echelons Theory according to BIST Sustainability Index criteria. In this regard, demographical variables of the top managers of indexed businesses and elimi...
Dynamic modelling in micromachining
Yılmaz, Emre Ersoy; Özgüven, Hasan Nevzat; Budak, Erhan; Department of Mechanical Engineering (2015)
Micro milling applications are rapidly growing in various industries such as micro machines, medical, electro-mechanical component production etc. Due to very high precision requirements, dimensional accuracy and surface quality of micro milled components are very critical. As commonly known chatter vibrations arising due to instability in cutting yield poor surface finish and reduced tool life with potential damage to cutting edges and machine tool. Chatter vibrations are even more critical for micro milli...
Citation Formats
IEEE
ACM
APA
CHICAGO
MLA
BibTeX
S. Duran and E. Yakici, “Dynamic switching times from season to single tickets in sports and entertainment,”
OPTIMIZATION LETTERS
, pp. 1185–1206, 2012, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/48266.