Operations Research in Rail Pricing and Revenue Management
Handbook of Operations Research Applications at Railroads
Market-based pricing decisions in U.S. freight rail are relatively new. Prior to 1980, U.S. freight rail prices were closely regulated by the federal government, leaving little flexibility for railroads to manage prices, and to a large degree handicapping the railroads financially. Since 1980, railroads have undergone an operating renaissance, rationalizing both physical plant and operating plan efficiencies. At the same time, while still obligated to “common carrier” commitments to continue service, railroads have been freed to price services according to market forces.
Copyright © 2015, Springer
Place of Publication
New York, NY
Gorman, Michael F., "Operations Research in Rail Pricing and Revenue Management" (2015). MIS/OM/DS Faculty Publications. 29.