A stochastic dynamic pricing model for the multiclass problems in the airline industry

DOI10.1016/j.ejor.2014.09.038zbMath1341.91081OpenAlexW2052307584MaRDI QIDQ726248

Raha Akhavan-Tabatabaei, Daniel F. Otero

Publication date: 8 July 2016

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2014.09.038

zbMATH Keywords

stochastic dynamic programmingdynamic pricingrevenue managementphase-type distributionsOR in airlines

Mathematics Subject Classification ID

Stochastic programming (90C15) Microeconomic theory (price theory and economic markets) (91B24) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Consumer behavior, demand theory (91B42) Applications of renewal theory (reliability, demand theory, etc.) (60K10)

Related Items

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Uses Software

• EMpht

Cites Work

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• Estimating demand by using sales information: inaccuracies encountered
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• Introduction to Matrix Analytic Methods in Stochastic Modeling
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• Matching Three Moments with Minimal Acyclic Phase Type Distributions