Fluid arrivals simulation for choice network revenue management
نویسندگان
چکیده
منابع مشابه
A Genetic Algorithm for Choice-Based Network Revenue Management
In recent years, enriching traditional revenue management models by considering the customer choice behavior has been a main challenge for researchers. The terminology for the airline application is used as representative of the problem. A popular and an efficient model considering these behaviors is choice-based deterministic linear programming (CDLP). This model assumes that each customer bel...
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In this paper, we present new approximation methods for the network revenue management problem with customer choice behavior. Our methods are sampling-based and so we require only minimal assumptions regarding the underlying customer choice model. The starting point for our methods is a dynamic program that allows randomization. An attractive feature of this dynamic program is that the size of ...
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In the last few years, there has been a trend to enrich traditional revenue management models built upon the independent demand paradigm by accounting for customer choice behavior. This extension involves both modeling and computational challenges. One way to describe choice behavior is to assume that each customer belongs to a segment, which is characterized by a consideration set, i.e., a sub...
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The choice network revenue management model incorporates customer purchase behavior as a function of the offered products, and is the appropriate model for airline and hotel network revenue management, dynamic sales of bundles, and dynamic assortment optimization. The optimization problem is a stochastic dynamic program and is intractable. A certainty-equivalence relaxation of the dynamic progr...
متن کاملNew compact formulations for choice network revenue management
The choice network revenue management model incorporates customer purchase behavior as a function of the offered products, and is the appropriate model for airline and hotel network revenue management, dynamic sales of bundles, and dynamic assortment optimization. The optimization problem is a stochastic dynamic program and is intractable, and a linear program approximation called choice determ...
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ژورنال
عنوان ژورنال: Journal of Revenue and Pricing Management
سال: 2018
ISSN: 1476-6930,1477-657X
DOI: 10.1057/s41272-018-00172-4