An Overview of Research on Airline Overbooking

Overbooking is one of the most successful strategies in revenue management. This paper provides a general review on overbooking research on airline in recent fifty years. We discuss research on static approach and dynamic approach, and then outline the newly published articles. Based on the overview and evaluation of current overbooking models and analysis of the Current situation of China's overbooking researches, several directions for future research on overbooking problem are proposed. The intent of this paper is to provide a broad framework to which all interested researchers could refer and extend solutions to practical applications.