Extension of Littlewood's rule to the multi-period static revenue management model with standby customers

DOI10.3934/JIMO.2020064zbMath1476.90160OpenAlexW3012832013MaRDI QIDQ1983764

Hideaki Takagi

Publication date: 10 September 2021

Published in: Journal of Industrial and Management Optimization (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3934/jimo.2020064

zbMATH Keywords

revenue managementextension of Brumelle-McGill's theoremLittlewood's rulemulti-period static modelnested bookingoptimal booking limitstandby customers

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Transportation, logistics and supply chain management (90B06) Auctions, bargaining, bidding and selling, and other market models (91B26)

Cites Work

• The theory and practice of revenue management
• Revenue management with flexible products. Models and methods for the broadcasting industry.
• An Airline Seat Management Model for a Single Leg Route When Lower Fare Classes Book First
• A Note on the Single Leg, Multifare Seat Allocation Problem
• Optimal and Approximate Control Policies for Airline Booking with Sequential Nonmonotonic Fare Classes
• Airline Seat Allocation with Multiple Nested Fare Classes

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