Dynamic booking rules for flights with an intermediate stop
AbstractA feasible model has been developed to find the optimal decision rule for allocating seats to passengers seeking to fly on the long or short span of a flight with an intermediate stop from which no boarding rights exist to take passengers to the terminal stop. The model is feasible from the point of view of estimating the data and of computer calculation and memory capacity and is implementable under real life conditions. A computer program was written and a short sample problem was calculated to show the differences in computation time and memory requirements vs the loss of revenue in comparison with a complicated and thus unfeasible higher order model.
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Bibliographic InfoArticle provided by Elsevier in its journal Omega.
Volume (Year): 5 (1977)
Issue (Month): 6 ()
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/375/description#description
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- Dai, Yue & Chao, Xiuli & Fang, Shu-Cherng & Nuttle, Henry L.W., 2005. "Pricing in revenue management for multiple firms competing for customers," International Journal of Production Economics, Elsevier, vol. 98(1), pages 1-16, October.
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