A network revenue management model with capacity allocation and overbooking

DOI10.1007/S00500-019-03840-8MaRDI QIDQ780190zbMATH OpenOpenAlexFDO

Authors Deyi Mou, Wenzhen Li, Jiayi Li

Publication date 15 July 2020

Published in Soft Computing (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00500-019-03840-8

zbMATH Keywords

uncertaintynetwork revenue managementoverbookingcapacity allocationMonte Carlo algorithmstochastic chance constrained integer programming

Mathematics Subject Classification ID

Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

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Cites work

• A dynamic programming decomposition method for making overbooking decisions over an airline network
• A stochastic approximation method for the single-leg revenue management problem with discrete demand distributions
• Airline overbooking in the multi-class case
• Continuous-time airline overbooking with time-dependent fares and refunds
• Decision and Team Problems in Airline Reservations
• The Role of Robust Optimization in Single-Leg Airline Revenue Management
• Using Lagrangian relaxation to compute capacity-dependent bid prices in network revenue management

Cited in

(5)

• A dynamic programming decomposition method for making overbooking decisions over an airline network
• An overbooking decision model of hotel rooms based on revenue management
• Revenue management under customer choice behaviour with cancellations and overbooking
• Uncertain random overbooking problem
• An LP based approximate dynamic programming model to address airline overbooking under cancellation, refund and no-show

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