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A Model for Dynamic Airline Seat Inventory Control with Multiple Seat Bookings

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Cited by:

  1. E. Andrew Boyd & Ioana C. Bilegan, 2003. "Revenue Management and E-Commerce," Management Science, INFORMS, vol. 49(10), pages 1363-1386, October.
  2. William L. Cooper, 2002. "Asymptotic Behavior of an Allocation Policy for Revenue Management," Operations Research, INFORMS, vol. 50(4), pages 720-727, August.
  3. Chatwin, Richard E., 2000. "Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices," European Journal of Operational Research, Elsevier, vol. 125(1), pages 149-174, August.
  4. Koenig, Matthias & Meissner, Joern, 2015. "Value-at-risk optimal policies for revenue management problems," International Journal of Production Economics, Elsevier, vol. 166(C), pages 11-19.
  5. Youyi Feng & Baichun Xiao, 2000. "Optimal Policies of Yield Management with Multiple Predetermined Prices," Operations Research, INFORMS, vol. 48(2), pages 332-343, April.
  6. Moussawi-Haidar, Lama, 2014. "Optimal solution for a cargo revenue management problem with allotment and spot arrivals," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 72(C), pages 173-191.
  7. Yuri Levin & Mikhail Nediak & Andrei Bazhanov, 2014. "Quantity Premiums and Discounts in Dynamic Pricing," Operations Research, INFORMS, vol. 62(4), pages 846-863, August.
  8. Feng, Youyi & Xiao, Baichun, 2006. "A continuous-time seat control model for single-leg flights with no-shows and optimal overbooking upper bound," European Journal of Operational Research, Elsevier, vol. 174(2), pages 1298-1316, October.
  9. A. Ciancimino & G. Inzerillo & S. Lucidi & L. Palagi, 1999. "A Mathematical Programming Approach for the Solution of the Railway Yield Management Problem," Transportation Science, INFORMS, vol. 33(2), pages 168-181, May.
  10. Zhuang, Weifen & Li, Michael Z.F., 2012. "Monotone optimal control for a class of Markov decision processes," European Journal of Operational Research, Elsevier, vol. 217(2), pages 342-350.
  11. Zhang, Michael & Bell, Peter C. & Cai, Gangshu (George) & Chen, Xiangfeng, 2010. "Optimal fences and joint price and inventory decisions in distinct markets with demand leakage," European Journal of Operational Research, Elsevier, vol. 204(3), pages 589-596, August.
  12. J. Neil Bearden & Ryan O. Murphy & Amnon Rapoport, 2008. "Decision Biases in Revenue Management: Some Behavioral Evidence," Manufacturing & Service Operations Management, INFORMS, vol. 10(4), pages 625-636, June.
  13. Daniel Hopman & Ger Koole & Rob van der Mei, 2017. "Single-leg revenue management with downsell and delayed decision making," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 16(6), pages 594-606, December.
  14. Richard E. Chatwin, 1999. "Continuous-Time Airline Overbooking with Time-Dependent Fares and Refunds," Transportation Science, INFORMS, vol. 33(2), pages 182-191, May.
  15. Wuyang Yuan & Lei Nie, 2020. "Optimization of seat allocation with fixed prices: An application of railway revenue management in China," PLOS ONE, Public Library of Science, vol. 15(4), pages 1-25, April.
  16. Wai Hung Wong & Anming Zhang & Yer Van Hui & Lawrence C. Leung, 2009. "Optimal Baggage-Limit Policy: Airline Passenger and Cargo Allocation," Transportation Science, INFORMS, vol. 43(3), pages 355-369, August.
  17. Yingjie Lan & Huina Gao & Michael O. Ball & Itir Karaesmen, 2008. "Revenue Management with Limited Demand Information," Management Science, INFORMS, vol. 54(9), pages 1594-1609, September.
  18. Shelby Brumelle & Darius Walczak, 2003. "Dynamic Airline Revenue Management with Multiple Semi-Markov Demand," Operations Research, INFORMS, vol. 51(1), pages 137-148, February.
  19. Pak, K. & Dekker, R. & Kindervater, G.A.P., 2003. "Airline Revenue Management with Shifting Capacity," Econometric Institute Research Papers ERS-2003-091-LIS, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  20. Kannapha Amaruchkul & William L. Cooper & Diwakar Gupta, 2007. "Single-Leg Air-Cargo Revenue Management," Transportation Science, INFORMS, vol. 41(4), pages 457-469, November.
  21. Dimitris Bertsimas & Ioana Popescu, 2003. "Revenue Management in a Dynamic Network Environment," Transportation Science, INFORMS, vol. 37(3), pages 257-277, August.
  22. Koenig, Matthias & Meissner, Joern, 2010. "List pricing versus dynamic pricing: Impact on the revenue risk," European Journal of Operational Research, Elsevier, vol. 204(3), pages 505-512, August.
  23. Sebastian Koch & Jochen Gönsch & Michael Hassler & Robert Klein, 2016. "Practical decision rules for risk-averse revenue management using simulation-based optimization," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(6), pages 468-487, December.
  24. Guillermo Gallego & Haengju Lee, 2020. "Callable products with dependent demands," Naval Research Logistics (NRL), John Wiley & Sons, vol. 67(3), pages 185-200, April.
  25. Peter P Belobaba, 2016. "Optimization models in RM systems: Optimality versus revenue gains," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 15(3), pages 229-235, July.
  26. Kalyan Talluri & Garrett van Ryzin, 2000. "Revenue management under general discrete choice model of consumer behavior," Economics Working Papers 533, Department of Economics and Business, Universitat Pompeu Fabra, revised Oct 2001.
  27. Kraft, Edwin R., 2002. "Scheduling railway freight delivery appointments using a bid price approach," Transportation Research Part A: Policy and Practice, Elsevier, vol. 36(2), pages 145-165, February.
  28. Cao, Ping & Li, Jianbin & Yan, Hong, 2012. "Optimal dynamic pricing of inventories with stochastic demand and discounted criterion," European Journal of Operational Research, Elsevier, vol. 217(3), pages 580-588.
  29. You, Peng-Sheng, 2003. "Dynamic rationing policies for product with incremental upgrading demands," European Journal of Operational Research, Elsevier, vol. 144(1), pages 128-137, January.
  30. Pak, K. & Piersma, N., 2002. "airline revenue management," ERIM Report Series Research in Management ERS-2002-12-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  31. Wen Zhao & Yu-Sheng Zheng, 2000. "Optimal Dynamic Pricing for Perishable Assets with Nonhomogeneous Demand," Management Science, INFORMS, vol. 46(3), pages 375-388, March.
  32. Grace Y. Lin & Yingdong Lu & David D. Yao, 2008. "The Stochastic Knapsack Revisited: Switch-Over Policies and Dynamic Pricing," Operations Research, INFORMS, vol. 56(4), pages 945-957, August.
  33. Sumit Kunnumkal & Huseyin Topaloglu, 2009. "A stochastic approximation method for the single-leg revenue management problem with discrete demand distributions," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 70(3), pages 477-504, December.
  34. Schütz, Hans-Jörg & Kolisch, Rainer, 2012. "Approximate dynamic programming for capacity allocation in the service industry," European Journal of Operational Research, Elsevier, vol. 218(1), pages 239-250.
  35. de Boer, Sanne V. & Freling, Richard & Piersma, Nanda, 2002. "Mathematical programming for network revenue management revisited," European Journal of Operational Research, Elsevier, vol. 137(1), pages 72-92, February.
  36. You, Peng-Sheng, 2008. "An efficient computational approach for railway booking problems," European Journal of Operational Research, Elsevier, vol. 185(2), pages 811-824, March.
  37. Pak, K. & Piersma, N., 2002. "Airline revenue management: an overview of OR techniques 1982-2001," Econometric Institute Research Papers EI 2002-03, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  38. Feng, Youyi & Xiao, Baichun, 2006. "Integration of pricing and capacity allocation for perishable products," European Journal of Operational Research, Elsevier, vol. 168(1), pages 17-34, January.
  39. Richard Van Slyke & Yi Young, 2000. "Finite Horizon Stochastic Knapsacks with Applications to Yield Management," Operations Research, INFORMS, vol. 48(1), pages 155-172, February.
  40. Wuyang Yuan & Lei Nie & Xin Wu & Huiling Fu, 2018. "A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer," PLOS ONE, Public Library of Science, vol. 13(8), pages 1-23, August.
  41. Samii, Amir-Behzad, 2016. "Impact of nested inventory allocation policies in a newsvendor setting," International Journal of Production Economics, Elsevier, vol. 181(PA), pages 247-256.
  42. Syed Asif Raza & Rafi Ashrafi & Ali Akgunduz, 2020. "A bibliometric analysis of revenue management in airline industry," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 19(6), pages 436-465, December.
  43. Nagihan Çömez & Kathryn E. Stecke & Metin Çakanyildirim, 2012. "In-Season Transshipments Among Competitive Retailers," Manufacturing & Service Operations Management, INFORMS, vol. 14(2), pages 290-300, April.
  44. Gönsch, Jochen & Koch, Sebastian & Steinhardt, Claudius, 2014. "Revenue management with flexible products: The value of flexibility and its incorporation into DLP-based approaches," International Journal of Production Economics, Elsevier, vol. 153(C), pages 280-294.
  45. Dawsen Hwang & Patrick Jaillet & Vahideh Manshadi, 2021. "Online Resource Allocation Under Partially Predictable Demand," Operations Research, INFORMS, vol. 69(3), pages 895-915, May.
  46. Ş. İlker Birbil & J. B. G. Frenk & Joaquim A. S. Gromicho & Shuzhong Zhang, 2014. "A Network Airline Revenue Management Framework Based on Decomposition by Origins and Destinations," Transportation Science, INFORMS, vol. 48(3), pages 313-333, August.
  47. David Sayah & Stefan Irnich, 2016. "Optimal Booking Control in Airline Revenue Management with Two Flights and Flexible Products," Working Papers 1604, Gutenberg School of Management and Economics, Johannes Gutenberg-Universität Mainz.
  48. Sreekumar Bhaskaran & Karthik Ramachandran & John Semple, 2010. "A Dynamic Inventory Model with the Right of Refusal," Management Science, INFORMS, vol. 56(12), pages 2265-2281, December.
  49. Youyi Feng & Guillermo Gallego, 2000. "Perishable Asset Revenue Management with Markovian Time Dependent Demand Intensities," Management Science, INFORMS, vol. 46(7), pages 941-956, July.
  50. Anton J. Kleywegt & Jason D. Papastavrou, 1998. "The Dynamic and Stochastic Knapsack Problem," Operations Research, INFORMS, vol. 46(1), pages 17-35, February.
  51. Özkan, Can & Karaesmen, Fikri & Özekici, Süleyman, 2013. "Structural properties of Markov modulated revenue management problems," European Journal of Operational Research, Elsevier, vol. 225(2), pages 324-331.
  52. Han, Dong Ling & Tang, Loon Ching & Huang, Huei Chuen, 2010. "A Markov model for single-leg air cargo revenue management under a bid-price policy," European Journal of Operational Research, Elsevier, vol. 200(3), pages 800-811, February.
  53. Wang, Xiubin & Regan, Amelia, 2006. "Dynamic yield management when aircraft assignments are subject to swap," Transportation Research Part B: Methodological, Elsevier, vol. 40(7), pages 563-576, August.
  54. Youyi Feng & Baichun Xiao, 2001. "A Dynamic Airline Seat Inventory Control Model and Its Optimal Policy," Operations Research, INFORMS, vol. 49(6), pages 938-949, December.
  55. Wang, Weidi & Tang, Ou & Huo, Jiazhen, 2018. "Dynamic capacity allocation for airlines with multi-channel distribution," Journal of Air Transport Management, Elsevier, vol. 69(C), pages 173-181.
  56. Jordi Castro & Fernando Sarachaga, 2021. "An online optimization-based procedure for the assignment of airplane seats," TOP: An Official Journal of the Spanish Society of Statistics and Operations Research, Springer;Sociedad de Estadística e Investigación Operativa, vol. 29(1), pages 204-247, April.
  57. Kalyan Talluri & Garrett van Ryzin, 2004. "Revenue Management Under a General Discrete Choice Model of Consumer Behavior," Management Science, INFORMS, vol. 50(1), pages 15-33, January.
  58. c{S}. .Ilker Birbil & J. B. G. Frenk & Joaquim A. S. Gromicho & Shuzhong Zhang, 2009. "The Role of Robust Optimization in Single-Leg Airline Revenue Management," Management Science, INFORMS, vol. 55(1), pages 148-163, January.
  59. Adler, Jonathan D. & Mirchandani, Pitu B., 2014. "Online routing and battery reservations for electric vehicles with swappable batteries," Transportation Research Part B: Methodological, Elsevier, vol. 70(C), pages 285-302.
  60. Constantinos Maglaras & Joern Meissner, 2003. "Dynamic Pricing Strategies for Multi-Product Revenue Management Problems," Working Papers MRG/0002, Department of Management Science, Lancaster University, revised Nov 2005.
  61. Wen Zhao & Yu-Sheng Zheng, 2001. "A Dynamic Model for Airline Seat Allocation with Passenger Diversion and No-Shows," Transportation Science, INFORMS, vol. 35(1), pages 80-98, February.
  62. Garrett van Ryzin & Gustavo Vulcano, 2008. "Simulation-Based Optimization of Virtual Nesting Controls for Network Revenue Management," Operations Research, INFORMS, vol. 56(4), pages 865-880, August.
  63. Kavitha Balaiyan & R. K. Amit & Atul Kumar Malik & Xiaodong Luo & Amit Agarwal, 2019. "Joint forecasting for airline pricing and revenue management," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 18(6), pages 465-482, December.
  64. Kalyan Talluri & Garrett van Ryzin, 1998. "An Analysis of Bid-Price Controls for Network Revenue Management," Management Science, INFORMS, vol. 44(11-Part-1), pages 1577-1593, November.
  65. Kyle Y. Lin, 2004. "A sequential dynamic pricing model and its applications," Naval Research Logistics (NRL), John Wiley & Sons, vol. 51(4), pages 501-521, June.
  66. Richard E. Chatwin, 1998. "Multiperiod Airline Overbooking with a Single Fare Class," Operations Research, INFORMS, vol. 46(6), pages 805-819, December.
  67. Jeffrey I. McGill & Garrett J. van Ryzin, 1999. "Revenue Management: Research Overview and Prospects," Transportation Science, INFORMS, vol. 33(2), pages 233-256, May.
  68. Maclean, K.D.S. & Ødegaard, F., 2020. "Dynamic capacity allocation for group bookings in live entertainment," European Journal of Operational Research, Elsevier, vol. 287(3), pages 975-988.
  69. Amar Sapra & Jiri Chod & Aydiota n Alptekinou{g}lu & Li Chen & A. Gürhan Kök & Victor Martínez-de-Albéniz, 2004. "The MSOM Society Student Paper Competition: Extended Abstracts of 2003 Winners," Manufacturing & Service Operations Management, INFORMS, vol. 6(1), pages 92-112.
  70. Chris K. Anderson, 2009. "Setting Prices on Priceline," Interfaces, INFORMS, vol. 39(4), pages 307-315, August.
  71. Asdemir, Kursad & Jacob, Varghese S. & Krishnan, Ramayya, 2009. "Dynamic pricing of multiple home delivery options," European Journal of Operational Research, Elsevier, vol. 196(1), pages 246-257, July.
  72. Pak, K. & Dekker, R., 2004. "Cargo Revenue Management: Bid-Prices for a 0-1 Multi Knapsack Problem," ERIM Report Series Research in Management ERS-2004-055-LIS, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
  73. Thomas Fiig & Remy Guen & Mathilde Gauchet, 2018. "Dynamic pricing of airline offers," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 17(6), pages 381-393, December.
  74. J. B. G. Frenk & Behrooz Pourghannad & Semih O. Sezer, 2017. "A Static Model in Single Leg Flight Airline Revenue Management," Transportation Science, INFORMS, vol. 51(1), pages 214-232, February.
  75. You, Peng-Sheng, 2001. "Airline seat management with rejection-for-possible-upgrade decision," Transportation Research Part B: Methodological, Elsevier, vol. 35(5), pages 507-524, June.
  76. Gustavo Vulcano & Garrett van Ryzin & Costis Maglaras, 2002. "Optimal Dynamic Auctions for Revenue Management," Management Science, INFORMS, vol. 48(11), pages 1388-1407, November.
  77. Samii, Amir-Behzad & Pibernik, Richard & Yadav, Prashant & Vereecke, Ann, 2012. "Reservation and allocation policies for influenza vaccines," European Journal of Operational Research, Elsevier, vol. 222(3), pages 495-507.
  78. Chen, Shaoxiang & Gallego, Guillermo & Li, Michael Z.F. & Lin, Bing, 2010. "Optimal seat allocation for two-flight problems with a flexible demand segment," European Journal of Operational Research, Elsevier, vol. 201(3), pages 897-908, March.
  79. Shirin Aslani & Soheil Sibdari & Mohammad Modarres, 2018. "Revenue Management with Customers’ Reference Price: Are the Existing Methods Effective?," Service Science, INFORMS, vol. 10(2), pages 195-214, June.
  80. Gabriel Bitran & René Caldentey, 2003. "An Overview of Pricing Models for Revenue Management," Manufacturing & Service Operations Management, INFORMS, vol. 5(3), pages 203-229, August.
  81. Vinayak Deshpande & Morris A. Cohen & Karen Donohue, 2003. "A Threshold Inventory Rationing Policy for Service-Differentiated Demand Classes," Management Science, INFORMS, vol. 49(6), pages 683-703, June.
  82. Grace Lin & Yingdong Lu & David Yao, 2007. "Stochastic Knapsack Problem Revisited: Switch-Over Policies and Dynamic Pricing," Papers 0708.1146, arXiv.org.
  83. Hans-Jörg Schütz & Rainer Kolisch, 2013. "Capacity allocation for demand of different customer-product-combinations with cancellations, no-shows, and overbooking when there is a sequential delivery of service," Annals of Operations Research, Springer, vol. 206(1), pages 401-423, July.
  84. C. Barz & K. Waldmann, 2007. "Risk-sensitive capacity control in revenue management," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 65(3), pages 565-579, June.
  85. Schön, Cornelia, 2010. "Optimal dynamic price selection under attraction choice models," European Journal of Operational Research, Elsevier, vol. 205(3), pages 650-660, September.
  86. Yalç{i}n Akçay & Harihara Prasad Natarajan & Susan H. Xu, 2010. "Joint Dynamic Pricing of Multiple Perishable Products Under Consumer Choice," Management Science, INFORMS, vol. 56(8), pages 1345-1361, August.
  87. Hung, Yi-Feng & Chen, Chien-Hao, 2013. "An effective dynamic decision policy for the revenue management of an airline flight," International Journal of Production Economics, Elsevier, vol. 144(2), pages 440-450.
  88. Peng-Sheng You, 1999. "Dynamic Pricing in Airline Seat Management for Flights with Multiple Flight Legs," Transportation Science, INFORMS, vol. 33(2), pages 192-206, May.
  89. Suresh K. Nair & Ravi Bapna, 2001. "An application of yield management for Internet Service Providers," Naval Research Logistics (NRL), John Wiley & Sons, vol. 48(5), pages 348-362, August.
  90. David Sayah & Stefan Irnich, 2019. "Optimal booking control in revenue management with two substitutable resources," Mathematical Methods of Operations Research, Springer;Gesellschaft für Operations Research (GOR);Nederlands Genootschap voor Besliskunde (NGB), vol. 89(2), pages 189-222, April.
  91. William L. Cooper & Tito Homem-de-Mello, 2007. "Some Decomposition Methods for Revenue Management," Transportation Science, INFORMS, vol. 41(3), pages 332-353, August.
  92. Guillermo Gallego & Michael Z. F. Li & Yan Liu, 2020. "Dynamic Nonlinear Pricing of Inventories over Finite Sales Horizons," Operations Research, INFORMS, vol. 68(3), pages 655-670, May.
  93. Zhang, Michael & Bell, Peter C., 2007. "The effect of market segmentation with demand leakage between market segments on a firm's price and inventory decisions," European Journal of Operational Research, Elsevier, vol. 182(2), pages 738-754, October.
  94. Conrad J. Lautenbacher & Shaler Stidham, 1999. "The Underlying Markov Decision Process in the Single-Leg Airline Yield-Management Problem," Transportation Science, INFORMS, vol. 33(2), pages 136-146, May.
  95. Robert Hjorth & Thomas Fiig & Jesper Larsen & Nicolas Bondoux, 2018. "Joint overbooking and seat allocation for fare families," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 17(6), pages 436-452, December.
  96. Chung, Younshik & Song, Taijin & Park, Jungsik, 2012. "Freeway booking policy: Public discourse and acceptability analysis," Transport Policy, Elsevier, vol. 24(C), pages 223-231.
  97. Maddah, Bacel & Moussawi-Haidar, Lama & El-Taha, Muhammad & Rida, Hussein, 2010. "Dynamic cruise ship revenue management," European Journal of Operational Research, Elsevier, vol. 207(1), pages 445-455, November.
  98. Michael O. Ball & Maurice Queyranne, 2009. "Toward Robust Revenue Management: Competitive Analysis of Online Booking," Operations Research, INFORMS, vol. 57(4), pages 950-963, August.
  99. Yigao Liang, 1999. "Solution to the Continuous Time Dynamic Yield Management Model," Transportation Science, INFORMS, vol. 33(1), pages 117-123, February.
  100. Sebastian Koch & Jochen Gönsch & Claudius Steinhardt, 2017. "Dynamic Programming Decomposition for Choice-Based Revenue Management with Flexible Products," Transportation Science, INFORMS, vol. 51(4), pages 1046-1062, November.
  101. Muzaffer Buyruk & Ertan Güner, 2022. "Personalization in airline revenue management: an overview and future outlook," Journal of Revenue and Pricing Management, Palgrave Macmillan, vol. 21(2), pages 129-139, April.
  102. Constantinos Maglaras & Joern Meissner, 2006. "Dynamic Pricing Strategies for Multiproduct Revenue Management Problems," Manufacturing & Service Operations Management, INFORMS, vol. 8(2), pages 136-148, July.
  103. Dimitris Bertsimas & Sanne de Boer, 2005. "Simulation-Based Booking Limits for Airline Revenue Management," Operations Research, INFORMS, vol. 53(1), pages 90-106, February.
  104. Chen, Jing & Dong, Ming & Rong, Ying & Yang, Liang, 2018. "Dynamic pricing for deteriorating products with menu cost," Omega, Elsevier, vol. 75(C), pages 13-26.
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