On a semi-dynamic pricing and seat inventory allocation problem

DOI10.1007/S00291-005-0017-0MaRDI QIDQ858599zbMATH OpenOpenAlexFDO

Authors Jian Chen, Yongbo Xiao, Youhua (Frank) Chen

Publication date 11 January 2007

Published in OR Spectrum (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00291-005-0017-0

zbMATH Keywords

PricingRevenue managementSeat inventory allocation

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Microeconomic theory (price theory and economic markets) (91B24) Resource and cost allocation (including fair division, apportionment, etc.) (91B32)

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Cites work

• A continuous-time yield management model with multiple prices and reversible price changes
• Airline Seat Allocation with Multiple Nested Fare Classes
• Airline yield management with overbooking, cancellations, and no-shows
• An Airline Seat Management Model for a Single Leg Route When Lower Fare Classes Book First
• Finite Horizon Stochastic Knapsacks with Applications to Yield Management
• Optimal and Approximate Control Policies for Airline Booking with Sequential Nonmonotonic Fare Classes
• Optimal dynamic pricing for perishable assets with nonhomogeneous demand
• Optimal Starting Times for End-of-Season Sales and Optimal Stopping Times for Promotional Fares
• Revenue Management Under a General Discrete Choice Model of Consumer Behavior
• Revenue management without forecasting or optimization: an adaptive algorithm for determining airline seat protection levels
• Revenue management: Research overview and prospects
• Solution to the continuous time dynamic yield management model
• The theory and practice of revenue management

Cited in

(5)

• Tight bounds on the competitive ratio on accommodating sequences for the seat reservation problem
• Dynamic Airline Revenue Management with Multiple Semi-Markov Demand
• A Dynamic Model for Airline Seat Allocation with Passenger Diversion and No-Shows
• Optimal switching policy for batch servers
• Semi-Markov information model for revenue management and dynamic pricing

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