Anyone that has booked an airline ticket recently will be familiar with the work of Gabriel Bitran.
His research into optimal pricing models helps businesses determine the dynamic value of goods and services relative to supply and demand factors. It is the reason advertised airfares fluctuate and grow more expensive as you get closer to the departure date.
Bitran, a professor of operations management and former deputy dean of the MIT Sloan School of Management, led a research team which contribute
The week on Risk.net, December 2–8, 2017Receive this by email