Railway Revenue Management: Overview and Models (Operations Research)

Alexander Armstrong and Joern Meissner
Additional contact information
Alexander Armstrong: Department of Management Science, Lancaster University Management School, http://www.meiss.com/en/team/alexander-armstrong/

No MRG/0019, Working Papers from Department of Management Science, Lancaster University

Abstract: The railway industry offers similar revenue management opportunities to those found in the airline industry. The railway industry caters for the delivery and management of cargo as well as the transport of passengers. Unlike the airline industry, the railway industry has seen relatively little attention to revenue management problems. We provide an overview of the published literature for both passenger and freight rail revenue management. We include a summary of the some the available models and include some possible extensions. From the existing literature and talks with industry, it is clear that that there is room to exploit revenue management techniques in the railway industry, an industry that has revenues of $60 billion in the US and promises huge growth in Europe in the forthcoming years.

Keywords: operations research; marketing; network economics; business economics; railway; revenue management; pricing; passenger; freight; models (search for similar items in EconPapers)
JEL-codes: C61 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2010-07, Revised 2010-07
New Economics Papers: this item is included in nep-ore
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (19)

Downloads: (external link)
http://www.meiss.com/download/RM-Armstrong-Meissner.pdf Full Paper (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lms:mansci:mrg-0019

Access Statistics for this paper

More papers in Working Papers from Department of Management Science, Lancaster University
Bibliographic data for series maintained by Joern Meissner ( this e-mail address is bad, please contact ).