A network revenue management model with capacity allocation and overbooking

DOI10.1007/S00500-019-03840-8zbMATH Open1436.91075OpenAlexW2918083825MaRDI QIDQ780190FDOQ780190

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

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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)

Cites Work

• Using Lagrangian relaxation to compute capacity-dependent bid prices in network revenue management
• 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
• The Role of Robust Optimization in Single-Leg Airline Revenue Management
• Continuous-time airline overbooking with time-dependent fares and refunds
• Airline overbooking in the multi-class case
• Decision and Team Problems in Airline Reservations

Cited In (5)

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• 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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