Simulation-Based Booking Limits for Airline Revenue Management
نویسندگان
چکیده
منابع مشابه
Simulation-Based Booking Limits for Airline Revenue Management
Deterministic mathematical programming models that capture network effects play a predominant role in the theory and practice of airline revenue management. These models do not address important issues like demand uncertainty, nesting, and the dynamic nature of the booking process. Alternatively, the network problem can be broken down into leg-based problems for which there are satisfactory sol...
متن کاملModeling Passenger Disutilities in Airline Revenue Management Simulation
Passenger behavior is the fundamental factor driving air transportation market reactions to the managerial decisions of airlines; therefore, it is important to understand passenger path choice process, and to develop a valid model to represent it. In this thesis, passenger disutilities are used to indicate passengers' sensitivity to alternative path options. Accordingly, passenger disutilities ...
متن کاملA Case-Based Seat Allocation System for Airline Revenue Management
Airline companies usually implement revenue management to increase profits. The revenue management can be performed through seat inventory management. The current system to book seats is first-come first-served. This approach tends to sell low-price seats because low-price requests often appear earlier. It also results in low revenue. In this paper, an expected dynamic probability method and a ...
متن کاملAdaptive Critics for Airline Revenue Management
number: 007-0058 Adaptive Critics for Airline Revenue Management Abhijit Gosavi Department of Industrial and Systems Engineering University at Buffalo, SUNY 317 Bell Hall, Buffalo, NY 14260 [email protected] POMS 18th Annual Conference Dallas, Texas, U.S.A. May 4 to May 7, 2007. Abstract We present an approximate dynamic programming (DP) technique, called adaptive critic, for solving an airli...
متن کاملAIRLINE STOCHASTIC CAPACITY ALLOCATION BY APPLYING REVENUE MANAGEMENT
To formulate a single-leg seat inventory control problem in an airline ticket sales system, the concept and techniques of revenue management are applied in this research. In this model, it is assumed the cabin capacity is stochastic and hence its exact size cannot be forecasted in advance, at the time of planning. There are two groups of early-reserving and late-purchasing customers demanding t...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Operations Research
سال: 2005
ISSN: 0030-364X,1526-5463
DOI: 10.1287/opre.1040.0164