A hybrid model for airline seat inventory control of the multi-leg problems

被引:1
|
作者
Lin, Bing [1 ]
Xu, Jianjun [2 ,3 ]
Chen, Shaoxiang [4 ]
Feng, Youyi [5 ]
Li, Michael Z. F. [4 ]
机构
[1] Jiangsu Normal Univ, Sch Business, Xuzhou 221116, Jiangsu, Peoples R China
[2] Dongbei Univ Finance & Econ, Inst Supply Chain Analyt, Dalian 116025, Peoples R China
[3] Dongbei Univ Finance & Econ, Int Business Coll, Dalian 116025, Peoples R China
[4] Nanyang Technol Univ, Nanyang Business Sch, Nanyang Ave, Singapore 639798, Singapore
[5] Shanghai Univ Finance & Econ, Coll Business, Shanghai 200433, Peoples R China
基金
中国国家自然科学基金;
关键词
Airline revenue management; Seat inventory control; Dynamic programming; SINGLE-LEG; YIELD-MANAGEMENT; ALLOCATION; FLIGHTS; OVERBOOKING;
D O I
10.1016/j.orl.2020.03.006
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
To address the discrepancy between dynamic models and industrial practice in airline revenue management, we propose a hybrid model for the multi-leg problem that integrates static and dynamic models. We formulate the problem using a stochastic dynamic program and characterize the optimal booking policy as a switching-curve (surface) type. (C) 2020 Elsevier B.V. All rights reserved.
引用
收藏
页码:291 / 296
页数:6
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