EMSR meaning in General ?

Answer:

What is Expected Marginal Seat Revenue mean?

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 Peter Belobaba. 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, r 1 {\displaystyle r_{1}} , is higher than the fare for the next highest class, r 2 {\displaystyle r_{2}} , so r 1 {\displaystyle r_{1}} > r 2 {\displaystyle r_{2}} > ... > r n {\displaystyle r_{n}} ; 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 F j ( x ) {\displaystyle F_{j}(x)} . For simplicity it is also assumed that demand, capacity and the distributions are continuous, although it is not very difficult to drop this assumption.

reference

Full Form	Category
Experimental Mouse Shared Resource	General
Expected Marginal Seat Revenue	General
Electrician's Mate (ship Repair)	Governmental
Eastbourne Miniature Steam Railway	Regional