Students who pass the course satisfactorily will be able to
- use market segmentation with differential pricing in demand management,
- identify the differences and relations between alternative control mechanisms,
- identify the difference between class-based (independent demand) and choice-based models,
- identify the trade-offs to be resolved in single-resource RM,
- develop and analyze mathematical single-resource RM models,
- identify the optimal policy structure for typical alternative settings,
- use heuristics to solve single-resource RM problems,
- solve network RM problems using approximate mathematical models,
- determine bid price control,
- determine (partitioned and nested) seat allocation control.