A General Attraction Model and Sales-Based Linear Program for Network Revenue Management Under Customer Choice
نویسندگان
چکیده
منابع مشابه
A General Attraction Model and Sales-Based Linear Program for Network Revenue Management Under Customer Choice
This paper addresses two concerns with the state of the art in network revenue management with dependent demands. The first concern is that the basic attraction model (BAM), of which the multinomial logit (MNL) model is a special case, tends to overestimate demand recapture in practice. The second concern is that the choice based deterministic linear program, currently in use to derive heuristi...
متن کاملA Genetic Algorithm for Choice-Based Network Revenue Management
In recent years, enriching traditional revenue management models by considering the customer choice behavior has been a main challenge for researchers. The terminology for the airline application is used as representative of the problem. A popular and an efficient model considering these behaviors is choice-based deterministic linear programming (CDLP). This model assumes that each customer bel...
متن کاملA Refined Deterministic Linear Program for the Network Revenue Management Problem with Customer Choice Behavior
We present a new deterministic linear program for the network revenue management problem with customer choice behavior. The novel aspect of our linear program is that it naturally generates bid prices that depend on how much time is left until the time of departure. Similar to the earlier linear program used by van Ryzin and Liu (2004), the optimal objective value of our linear program provides...
متن کاملA Randomized Linear Program for the Network Revenue Management Problem with Customer Choice Behavior (Research Paper)
In this paper, we propose a randomized linear program to obtain bid prices for the network revenue management problem with customer choice behavior. Our development proceeds in two stages. We first formulate a mixed integer program that can be viewed as a deterministic approximation to the network revenue management problem. We then use the optimal solution to the mixed integer program to formu...
متن کاملOn the Origin-Destination Demands Linear Programming Model for Network Revenue Management with Customer Choice
Abstract: In this study, we research the problem of network revenue management with customer choice based on the Origin-Destination (O-D) demands. By dividing customers into different segments according to O-D pairs, we consider a network capacity control problem where each customer chooses the open product within the segment he belongs to. Starting with a Markov Decision Process (MDP) formulat...
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: 2015
ISSN: 0030-364X,1526-5463
DOI: 10.1287/opre.2014.1328