This paper describes a revenue management project with a major airline that operates in a fiercely competitive market involving two major hubs and having more than 30 parallel daily flights. The market has a number of unusual characteristics including (1) almost half of customers choose not to purchase the tickets after booking; (2) about half of customers purchase their tickets within 3 days o...

The authors of this article developed new approaches to present analytic results from mixed-effects binary logit models in longitudinal data analysis. We first described basic specifications of mixed-effects logit models, the derivation of the fixed and the random effects, and nonlinear predictions of the response probability and the corresponding standard errors. Particular attention was paid ...

In this paper, we study optimal model averaging estimators of regression coefficients in a multinomial logit model, which is commonly used many scientific fields. A Kullback–Leibler (KL) loss-based weight choice criterion developed to determine weights. Under some regularity conditions, prove that the resulting are asymptotically optimal. When true one candidate models, averaged consistent. Sim...