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

Revenue management is widely practiced in the transport industry, but the bulk of the published literature deals with the airline industry. The authors 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.

• Record URL:
  • http://www.sciencedirect.com/science/article/B6VG7-4SFHJ4M-1/2/423c1dd7bdf4e70e8cffbbce3cadb917
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/09658564
• Supplemental Notes:
  • Abstract reprinted with permission from Elsevier
• Authors:
  • Bharill, Rohit
  • Rangaraj, Narayan
• Publication Date: 2008-11

Language

• English

Media Info

• Media Type: Print
• Features: Figures; References; Tables;
• Pagination: pp 1195-1207
• Serial:
  • Transportation Research Part A: Policy and Practice
  • Volume: 42
  • Issue Number: 9
  • Publisher: Elsevier
  • ISSN: 0965-8564
  • Serial URL: http://www.sciencedirect.com/science/journal/09658564

Subject/Index Terms

• TRT Terms: Passenger service; Yield management
• Identifier Terms: Indian Railways
• Uncontrolled Terms: Railroad operations
• Subject Areas: Administration and Management; Economics; Railroads;

Filing Info

• Accession Number: 01115597
• Record Type: Publication
• Files: TRIS
• Created Date: Nov 29 2008 8:06AM