A hybrid model for airline seat inventory control of the multi-leg problems
| Autor: | Michael Z.F. Li, Jianjun Xu, Shaoxiang Chen, Bing Lin, Youyi Feng |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Inventory control
Mathematical optimization 021103 operations research Revenue management Computer science Applied Mathematics 0211 other engineering and technologies 02 engineering and technology Management Science and Operations Research 01 natural sciences Industrial and Manufacturing Engineering 010104 statistics & probability Dynamic models 0101 mathematics Hybrid model Software |
| Zdroj: | Operations Research Letters. 48:291-296 |
| ISSN: | 0167-6377 |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
|
Full Text from ScienceDirect