Operations Research in Rail Pricing and Revenue Management

Michael F. Gorman ()
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Michael F. Gorman: University of Dayton, School of Business

Chapter Chapter 10 in Handbook of Operations Research Applications at Railroads, 2015, pp 243-254 from Springer

Abstract: Abstract Market-based pricing decisions in U.S. freight rail are relatively new. Prior to 1980, U.S. freight rail prices were closely regulated by the federal government, leaving little flexibility for railroads to manage prices, and to a large degree handicapping the railroads financially. Since 1980, railroads have undergone an operating renaissance, rationalizing both physical plant and operating plan efficiencies. At the same time, while still obligated to “common carrier” commitments to continue service, railroads have been freed to price services according to market forces.

Keywords: Customer Demand; Demand Forecast; Price Decision; Price Action; Revenue Management (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-1-4899-7571-3_10

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