Special Issue: Future of Airline Revenue Management
نویسندگان
چکیده
منابع مشابه
AIRLINE 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 کاملDynamic Revenue Management in Airline Alliances
Major airlines are selling increasing numbers of interline itineraries, in which flights operated by two or more airlines are combined and sold together. One reason for this increase is the rapid growth of airline alliances, which promote the purchase of interline itineraries and therefore virtually extend the reach of each alliance member’s network. This practice, however, creates a difficult ...
متن کاملPricing substitutable flights in airline revenue management
We develop a Markov decision process formulation of a dynamic pricing problem for multiple substitutable flights between the same origin and destination, taking into account customer choice among the flights. The model is rendered computationally intractable for exact solution by its multidimensional state and action spaces, so we develop and analyze various bounds and heuristics. We first desc...
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 Network Revenue Management with Buy-up
The emergence of budget airlines, the advent of new sales channels, the disappearance of traditional fare-class fences, and other on-going changes in the airline industry pose serious challenges to traditional revenue management models, which make some rigid and unrealistic assumptions. One of these is that passengers who do not get the fare they want book and travel on other airlines or do not...
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ژورنال
عنوان ژورنال: Journal of Revenue and Pricing Management
سال: 2018
ISSN: 1476-6930,1477-657X
DOI: 10.1057/s41272-017-0124-y