A continuous-time seat control model for single-leg flights with no-shows and optimal overbooking upper bound

DOI10.1016/j.ejor.2005.05.008zbMath1102.90339OpenAlexW2123051608MaRDI QIDQ2503095

Youyi Feng, Baichun Xiao

Publication date: 13 September 2006

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2005.05.008

zbMATH Keywords

stochastic processesrevenue managementairlinesaggregate overbooking upper boundminimum acceptable fare

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50)

Related Items (7)

Analysis of airline seat control with region factor ⋮ An overview of revenue management and dynamic pricing models in hotel business ⋮ A hybrid model for airline seat inventory control of the multi-leg problems ⋮ Optimal overbooking decision for a “Hotel + OTA” dual‐channel supply chain ⋮ Developing an integrated hub location and revenue management model considering multi-classes of customers in the airline industry ⋮ On the single-leg airline revenue management problem in continuous time ⋮ Optimal seat allocation for two-flight problems with a flexible demand segment

Cites Work

• The Dynamic and Stochastic Knapsack Problem
• Solution to the Continuous Time Dynamic Yield Management Model
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• Continuous-Time Airline Overbooking with Time-Dependent Fares and Refunds
• Revenue Management: Research Overview and Prospects
• An Analysis of Bid-Price Controls for Network Revenue Management
• Optimal Dynamic Pricing for Perishable Assets with Nonhomogeneous Demand
• A Continuous-Time Yield Management Model with Multiple Prices and Reversible Price Changes
• Decision and Team Problems in Airline Reservations
• The Dynamic and Stochastic Knapsack Problem with Random Sized Items
• A Dynamic Airline Seat Inventory Control Model and Its Optimal Policy
• 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
• Finite Horizon Stochastic Knapsacks with Applications to Yield Management
• Optimal and Approximate Control Policies for Airline Booking with Sequential Nonmonotonic Fare Classes
• Airline Seat Allocation with Multiple Nested Fare Classes
• Multi-period airline overbooking with multiple fare classes
• Optimal control of continuous-time terminal-value birth-and-death processes and airline overbooking

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