OR Forum—OR and the Airline Overbooking Problem
نویسندگان
چکیده
منابع مشابه
Airline overbooking in the multi-class case
This paper presents an airline overbooking model at a class level for one service compartment±cabin. Class level demand data is used to determine the number of bookings that can be taken for each class. The model is optimised through the use of multi-dimensional search routines. The control level model developed is tested with data supplied by Ireland's national airline, Aer Lingus. The model s...
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...
متن کاملAirline Yield Management with Overbooking, Cancellations, and No-Shows
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...
متن کاملOr in Airline Industry or in Airline
Next to fuel costs, crew costs are the largest direct operating cost of airlines. Therefore much research has been devoted to the planning and scheduling of crews over the last thirty years. The planning and scheduling of crews is usually considered as two problems: the crew pairing problem and the crew assignment (rostering) problem. These problems are solved sequentially. In this paper we foc...
متن کاملRisk-averse decision making in overbooking problem
Huachun Xiong, Jinxing Xie, Xiaoxue Deng Department of Mathematical Sciences, Tsinghua University, Beijing 100084, China Abstract Traditional literature studying overbooking problems focuses on risk-neutral decision makers. In this paper, we propose a multi-period overbooking model incorporating risk-aversion and extend well-known structural results (the 3-region policy) under the risk-neutral ...
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ژورنال
عنوان ژورنال: Operations Research
سال: 1985
ISSN: 0030-364X,1526-5463
DOI: 10.1287/opre.33.2.237