منابع مشابه
An Analysis of Airline Seat Allocation
In this paper we consider the airline seat allocation between high and low fares with and without stochastic cancellations. We also analyze the problem of simultaneously determining seat allocation and overbooking levels for two different classes of passengers, which also extends the existing literature in three ways. First, the cost oflost sales, which has been ignored in the existing literatu...
متن کاملA Case-Based Seat Allocation System for Airline Revenue Management
Airline companies usually implement revenue management to increase profits. The revenue management can be performed through seat inventory management. The current system to book seats is first-come first-served. This approach tends to sell low-price seats because low-price requests often appear earlier. It also results in low revenue. In this paper, an expected dynamic probability method and a ...
متن کاملDynamic Airline Pricing and Seat Availability
Airfares are determined by both intertemporal price discrimination and dynamic adjustment to stochastic demand. I estimate a model of dynamic airline pricing accounting for both forces with new flight-level data. With model estimates, I disentangle key interactions between the arrival pattern of consumer types and remaining capacity under stochastic demand. I show that the forces are complement...
متن کاملDYNAMIC AIRLINE PRICING AND SEAT AVAILABILITY By
Airfares are determined by both intertemporal price discrimination and dynamic adjustment to stochastic demand. I estimate a model of dynamic airline pricing accounting for both forces with new flight-level data. With model estimates, I disentangle key interactions between the arrival pattern of consumer types and remaining capacity under stochastic demand. I show that the forces are complement...
متن کاملPurposeful underestimation of demands for the airline seat allocation with incomplete information
We study stochastic programming formulations for the origindestination model in airline seat allocation under uncertainty. In particular, we focus on solving the stability issues of the traditional probabilistic model by purposefully underestimating the demands. The stochastic seat allocation models assume at least the possession of the distributional information, which is usually difficult to ...
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ژورنال
عنوان ژورنال: International Transactions in Operational Research
سال: 2008
ISSN: 0969-6016,1475-3995
DOI: 10.1111/j.1475-3995.2008.00642.x