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Revenue management method and critical techniques of railway passenger transport
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Xinghua Shan, Xiaoyan Lv, Jinfei Wu, Shuo Zhao, Junfeng Zhang
Railway Sciences | 2024, 3(5) : 636 - 649
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Railway Sciences | 2024, 3(5): 636-649
• Research paper •
Revenue management method and critical techniques of railway passenger transport
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Xinghua Shan, Xiaoyan Lv, Jinfei Wu, Shuo Zhao, Junfeng Zhang
Affiliations
  • Institute of Computing Technologies, China Academy of Railway Sciences Corporation Limited, Beijing, China
Published: 2024-10-10 doi: 10.1108/RS-04-2024-0013
Outline
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Purpose

Revenue management (RM) is a significant technique to improve revenue with limited resources. With the macro environment of dramatically increasing transit capacity and rapid railway transport development in China, it is necessary to involve the theory of RM into the operation and decision of railway passenger transport.

Design/methodology/approach

This paper proposes the theory and framework of generalized RM of railway passenger transport (RMRPT), and the thoughts and methods of the main techniques in RMRPT, involving demand forecasting, line planning, inventory control, pricing strategies and information systems, are all studied and elaborated. The involved methods and techniques provide a sequential process to help with the decision-making for each stage of RMRPT. The corresponding techniques are integrated into the information system to support practical businesses in railway passenger transport.

Findings

The combination of the whole techniques devotes to railway benefit improvement and transit resource utilization and has been applied into the practical operation and organization of railway passenger transport.

Originality/value

The development of RMRPT would provide theoretical and technical support for the improvement of service quality as well as railway benefits and efficiency.

Revenue management  /  Railway passenger transport  /  Demand forecasting  /  Line planning  /  Inventory control  /  Pricing strategy
Xinghua Shan, Xiaoyan Lv, Jinfei Wu, Shuo Zhao, Junfeng Zhang. Revenue management method and critical techniques of railway passenger transport[J]. Railway Sciences, 2024 , 3 (5) : 636 -649 . DOI: 10.1108/RS-04-2024-0013
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Funding
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  • China State Railway Group Co., Ltd(K2023X030)
  • China Academy of Railway Sciences Corporation Limited(2021YJ017)
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Year 2024 volume 3 Issue 5
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Article Info
doi: 10.1108/RS-04-2024-0013
  • Receive Date：2024-04-26
  • Online Date：2026-06-11
  • Published：2024-10-10
Article Data
Affiliations
History
  • Received：2024-04-26
  • Revised：2024-06-26
  • Accepted：2024-06-27
Funding
China State Railway Group Co., Ltd(K2023X030)
China Academy of Railway Sciences Corporation Limited(2021YJ017)
Affiliations
    Institute of Computing Technologies, China Academy of Railway Sciences Corporation Limited, Beijing, China

Corresponding:

Xinghua Shan can be contacted at:
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