An LP based approximate dynamic programming model to address airline overbooking under cancellation, refund and no-show
نویسندگان
چکیده
منابع مشابه
A Dynamic Programming Decomposition Method for Making Overbooking Decisions Over an Airline Network
In this paper, we develop a revenue management model to jointly make the capacity allocation and overbooking decisions over an airline network. Our approach begins with the dynamic programming formulation of the capacity allocation and overbooking problem and uses an approximation strategy to decompose the dynamic programming formulation by the flight legs. This decomposition idea opens up the ...
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We formulate and analyze a Markov decision process (dynamic programming) model for airline seat allocation (yield management) on a single-leg flight with multiple fare classes. Unlike previous models, we allow cancellation, no-shows, and overbooking. Additionally, we make no assumptions on the arrival patterns for the various fare classes. Our model is also applicable to other problems of reven...
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BACKGROUND Patient no-shows in outpatient delivery systems remain problematic. The negative impacts include underutilized medical resources, increased healthcare costs, decreased access to care, and reduced clinic efficiency and provider productivity. OBJECTIVE To develop an evidence-based predictive model for patient no-shows, and thus improve overbooking approaches in outpatient settings to...
متن کاملOptimization-based Approximate Dynamic Programming
OPTIMIZATION-BASED APPROXIMATE DYNAMIC PROGRAMMING
متن کاملSingle-Leg Airline Revenue Management with Overbooking
Airline revenue management is about identifying the maximum revenue seat allocation policies. Since a major loss in revenue results from cancellations and no-show passengers, over the years overbooking has received a significant attention in the literature. In this study, we propose new models for static and dynamic single-leg overbooking problems. In the static case, we introduce computational...
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ژورنال
عنوان ژورنال: YUJOR
سال: 2019
ISSN: 0354-0243,1820-743X
DOI: 10.2298/yjor170918026s