Overbooking is a strategy of extra ticket reservation, which needs precise models concerning the probability of ticket acquisition. Without such models a company will have losses related to unused seats or compensation for the absence of these seats. In the paper we consider several models for such a forecast and demonstrate their functionality on real data of one Peruvian railway company. The ...

Following the successful stories in the airline industry, many primary-care clinics have adopted overbooking to deal with their prevalent patient no-show problem. However, there has been very limited research, to the best of our knowledge, that analyzes the impact of overbooking on the major causes/factors of patient no-show and its implications. While overbooking has little impact on many rand...

This article explores the development of previous models to determine hubs in a competitive environment. In this paper, by comparing parameters of the ticket price, travel time and the service quality of hub airports, airline hubs are divided into six categories. The degree of importance of travel time and travel cost are determined by a multivariate Lagrange interpolation method, which can pla...

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...

Cloud service providers (CSPs) often overbook their resources with user applications despite maintaining service-level agreements with their customers. Overbooking is attractive to CSPs because it helps to reduce power consumption in the data center by packing more user jobs in less number of resources while improving their profits. Overbooking becomes feasible because user applications tend to...

We study the relation of asymmetric pricing with operating performance and stock returns U.S. airlines. construct two proxies to measure degree pricing: Degree Asymmetry (DOA) Peer-adjusted DOA, then simultaneously test how direction magnitude affect airline performance. find that raising air ticket price, regardless whether fuel cost is increasing or decreasing, associated significantly higher...

This paper considers an overbooking problem with multiple reservation and inventory classes, in which the multiple inventory classes may be used as substitutes to satisfy the demand of a given reservation class (perhaps at a cost). The problem is to jointly determine overbooking levels for the reservation classes, taking into account the substitution options. Such problems arise in a variety of...