منابع مشابه
Overbooking *
We consider optimal pricing policies for airlines when passengers are uncertain at the time of ticketing of their eventual willingness to pay for air travel. Auctions at the time of departure efficiently allocate space and a profit maximizing airline can capitalize on these gains by overbooking flights and repurchasing excess tickets from those passengers whose realized value is low. Neverthele...
متن کاملOptimal Overbooking
We construct several models to examine the effect of overbooking policies on airline revenue and costs in light of the current state of the industry, including fewer flights, increased security, passengers’ fear, and billions in losses. Using a plausible average ticket price, we model the waiting-time distribution for flights and estimate the average cost per involuntarily bumped passenger. For...
متن کاملGraceful Degradation under Resource Overbooking
It is trivial to write malicious code that hogs up a particular resource, for example, memory, disk, etc. Such malicious code can be written by intent (in order to degrade the system performance considerably) or by mistake (for example, memory leaks). As an effect of running such code the other applications running on the same machine suffer and their performance degrade considerably. The syste...
متن کاملTwo-dimensional cargo overbooking models
This paper introduces two-dimensional (weight and volume) overbooking problems arising mainly in the cargo revenue management, and compares them with one-dimensional problems. It considers capacity spoilage and cargo offloading costs, and minimizes their sum. For one-dimensional problems, it shows that the optimal overbooking limit does not change with the magnitude of the booking requests. In ...
متن کاملThe Gain of Overbooking
This paper analyzes the effect of overbooking for scheduling systems in a commercial environment. In this scenario each job is associated with a release time and a finishing deadline as well as a fee for a successful execution and a penalty for violating the deadline. The core idea is to exploit overestimations of required job execution times, providing an opportunity to aggressively schedule a...
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ژورنال
عنوان ژورنال: Journal of the European Economic Association
سال: 2017
ISSN: 1542-4766,1542-4774
DOI: 10.1093/jeea/jvw025