Search Results - subject:"fare-class allocation"

Regret in Overbooking and Fare-Class Allocation for Single Leg

Lan, Yingjie; Ball, Michael O.; Karaesmen, Itir Z. - In: Manufacturing & Service Operations Management 13 (2011) 2, pp. 194-208

Focusing on a seller's regret in not acting optimally, we develop a model of overbooking and fare-class allocation in … uncertainty in our model. (ii) We make joint overbooking and fare-class allocation decisions. (iii) We obtain conservative but …

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009218663

Revenue Management Without Forecasting or Optimization: An Adaptive Algorithm for Determining Airline Seat Protection Levels

Ryzin, Garrett van; McGill, Jeff - In: Management Science 46 (2000) 6, pp. 760-775

We investigate a simple adaptive approach to optimizing seat protection levels in airline revenue management systems. The approach uses only historical observations of the relative frequencies of certain seat-filling events to guide direct adjustments of the seat protection levels in accordance...

Persistent link: https://ebvufind01.dmz1.zbw.eu/10009208568