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Revenue management in railway operations: a study of the Rajdhani Express, Indian Railways

DSpace at IIT Bombay

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Field Value
 
Title Revenue management in railway operations: a study of the Rajdhani Express, Indian Railways
 
Creator BHARILL, ROHIT
RANGARA, NARAYAN
 
Subject industrial railroads
industrial management
management
railroads
 
Description Revenue management is widely practiced in the transport industry, but the bulk of the published literature deals with the airline industry. We consider the case of passenger services in the premium segment of Indian Railways (IR) and illustrate an application of the principles of revenue management. The strategy of overbooking is interpreted in terms of waitlist management by IR and cancellation action of customers. An attempt is made to derive elasticity estimates between key mode choices internal to the railways and finally, revenue management through differential pricing is suggested as a means to increase revenue on average.
 
Publisher Elsevier
 
Date 2009-04-23T11:40:12Z
2011-12-08T06:25:20Z
2011-12-26T13:01:30Z
2011-12-27T05:45:01Z
2009-04-23T11:40:12Z
2011-12-08T06:25:20Z
2011-12-26T13:01:30Z
2011-12-27T05:45:01Z
2008
 
Type Article
 
Identifier Transportation Research Part A: Policy and Practice 42(9), 1195-1207
0965-8564
10.1016/j.tra.2008.03.007
http://hdl.handle.net/10054/1211
http://dspace.library.iitb.ac.in/xmlui/handle/10054/1211
 
Language en