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Ticket Pricing Model for Group Passenger Based on Dynamic Programming

In: Liss 2012

Author

Listed:
  • Gao Ronghuan

    (Civil Aviation University of China)

Abstract

Ticket pricing is a key issue in airline’s revenue management. The whole paper can be divided into two main parts. First, according to the characteristic of air seat, a discount rate for the group is calculated, and a discrete-time dynamic programming model for group passenger optimal pricing is established. Second, establishing pricing model and the optimal price policy of group passenger is given by proposed model. Finally, the practicability of the model is illustrated by using a numerical example.

Suggested Citation

  • Gao Ronghuan, 2013. "Ticket Pricing Model for Group Passenger Based on Dynamic Programming," Springer Books, in: Zhenji Zhang & Runtong Zhang & Juliang Zhang (ed.), Liss 2012, edition 127, pages 513-518, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-32054-5_74
    DOI: 10.1007/978-3-642-32054-5_74
    as

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