Revenue management under customer choice behaviour with cancellations and overbooking

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Revenue management under customer choice behaviour with cancellations and overbooking

In many application areas such as airlines and hotels a large number of bookings are typically cancelled. Explicitly taking into account cancellations creates an opportunity for increasing revenue. Motivated by this we propose a revenue management model based on Talluri and van Ryzin [27] that takes cancellations into account in addition to customer choice behaviour. Moreover, we consider overb...

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ژورنال

عنوان ژورنال: European Journal of Operational Research

سال: 2015

ISSN: 0377-2217

DOI: 10.1016/j.ejor.2015.04.014