A network revenue management model with capacity allocation and overbooking

In this paper, based on the single-leg revenue management, we develop a network revenue management model to jointly make the capacity allocation and overbooking decisions. In our model, the factors such as no-show, late cancellation, and denied boarding are taken into account. Both no-show and late...

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Bibliographic Details
Published in:	Soft computing (Berlin, Germany) Vol. 23; no. 23; pp. 12833 - 12842
Main Authors:	Mou, Deyi, Li, Wenzhen, Li, Jiayi
Format:	Journal Article
Language:	English
Published:	Berlin/Heidelberg Springer Berlin Heidelberg 01.12.2019 Springer Nature B.V
Subjects:	Air fares Airline operations Airlines Algorithms Approximation Artificial Intelligence Cancellation Computational Intelligence Control Decision making Dynamic programming Economic impact Engineering Integer programming Inventory control Luggage Mathematical Logic and Foundations Mathematical programming Mechatronics Methodologies and Application Revenue Revenue management Robotics Stochastic chance constrained integer programming Uncertainty Capacity allocation Overbooking Monte Carlo algorithm Network revenue management
ISSN:	1432-7643, 1433-7479
Online Access:	Get full text
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