A stochastic dynamic pricing model for the multiclass problems in the airline industry
DOI10.1016/J.EJOR.2014.09.038zbMATH Open1341.91081OpenAlexW2052307584MaRDI QIDQ726248FDOQ726248
Authors: Daniel F. Otero, Raha Akhavan-Tabatabaei
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
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phase-type distributionsdynamic pricingrevenue managementOR in airlinesstochastic dynamic programming
Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Stochastic programming (90C15) Applications of renewal theory (reliability, demand theory, etc.) (60K10) Consumer behavior, demand theory (91B42) Microeconomic theory (price theory and economic markets) (91B24)
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- The theory and practice of revenue management
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- A closed-form solution for mapping general distributions to minimal PH distributions.
- Matching moments to phase distributions: nonlinear programming approaches
- Estimating demand by using sales information: inaccuracies encountered
Cited In (18)
- Dynamic and targeted bundle pricing of two independently valued products
- A hybrid machine learning-optimization approach to pricing and train formation problem under demand uncertainty
- Two-stage decision approach of air pricing and seat inventory control
- Optimal timing of airline promotions under dilution
- A dynamic airline pricing model based on game theory
- The welfare effects of dynamic pricing: evidence from airline markets
- Dynamic channel control and pricing of a single perishable product on multiple distribution channels
- Partial refunds as a strategic price commitment device in advance selling in a service industry
- A Stochastic Model of Airline Operations
- Pricing substitutable flights in airline revenue management
- Dynamic pricing of primary products and ancillary services
- Duopoly game of callable products in airline revenue management
- Dynamic air ticket pricing using reinforcement learning method
- Title not available (Why is that?)
- Mechanisms of cooperation between airlines and online travel agencies for flight crowdfunding
- Dynamic pricing of airline tickets with competition
- Allocating resources via price management systems: a dynamic programming-based approach
- Dynamic pricing for airline revenue management under passenger mental accounting
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