Transportation Science
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TRANSPORTATION SCIENCE
Vol. 33, No. 2, May 1999, pp. 233-256
DOI: 10.1287/trsc.33.2.233
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Revenue Management: Research Overview and Prospects

Jeffrey I. McGill, Garrett J. van Ryzin

Queen's University, School of Business, Kingston, Ontario K7L 3N6, Canada
Columbia University, Graduate School of Business, 412 Uris Hall, New York 10027

This survey reviews the forty-year history of research on transportation revenue management (also known as yield management). We cover developments in forecasting, overbooking, seat inventory control, and pricing, as they relate to revenue management, and suggest future research directions. The survey includes a glossary of revenue management terminology and a bibliography of over 190 references.




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