Intelligent Choice-Based 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 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 probabilities 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 linear programming approximation called choice d...
متن کاملChoice-Based Network Revenue Management under Weak Market Segmentation
We present improved network revenue management methods that assume customers to choose according to the multinomial logit choice model with the specific feature that the sets of considered products of the different customer segments are allowed to overlap. This approach can be used to model markets with weak segmentation: For example, high-yield customer segments can be modelled to also conside...
متن کاملImproved bid prices for choice-based network revenue management
In many implemented network revenue management systems, a bid price control is being used. In this form of control bid, prices are attached to resources, and a product is offered if the revenue derived from it exceeds the sum of the bid prices of its consumed resources. This approach is appealing because once bid prices have been determined, it is fairly simple to derive the products that shoul...
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ژورنال
عنوان ژورنال: Scientia Iranica
سال: 2016
ISSN: 2345-3605
DOI: 10.24200/sci.2016.3860