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EMSR stands for Expected Marginal Seat Revenue and is a very popular heuristic in Revenue Management. There are two versions: EMSRa and EMSRb, both of which were introduced by . Both methods are for n-class, static, single-resource problems. Because the models are static some assumptions apply: classes are indexed in such a way that the fare for the highest class, , is higher than the fare for the next highest class, , so > > ... > ; demand arrives in a strict low to high order in stages that are indexed with j as well; demand for class j is distributed with cdf . For simplicity it is also assumed that demand, capacity and the distributions are continuous, although it is not very difficult to drop this assumption.

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  • Expected marginal seat revenue (en)
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  • EMSR stands for Expected Marginal Seat Revenue and is a very popular heuristic in Revenue Management. There are two versions: EMSRa and EMSRb, both of which were introduced by . Both methods are for n-class, static, single-resource problems. Because the models are static some assumptions apply: classes are indexed in such a way that the fare for the highest class, , is higher than the fare for the next highest class, , so > > ... > ; demand arrives in a strict low to high order in stages that are indexed with j as well; demand for class j is distributed with cdf . For simplicity it is also assumed that demand, capacity and the distributions are continuous, although it is not very difficult to drop this assumption. (en)
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  • EMSR stands for Expected Marginal Seat Revenue and is a very popular heuristic in Revenue Management. There are two versions: EMSRa and EMSRb, both of which were introduced by . Both methods are for n-class, static, single-resource problems. Because the models are static some assumptions apply: classes are indexed in such a way that the fare for the highest class, , is higher than the fare for the next highest class, , so > > ... > ; demand arrives in a strict low to high order in stages that are indexed with j as well; demand for class j is distributed with cdf . For simplicity it is also assumed that demand, capacity and the distributions are continuous, although it is not very difficult to drop this assumption. (en)
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