Frank, Michael; Friedemann, Martin; Schroder, Anika - In: International Journal of Revenue Management 3 (2009) 2, pp. 133-147
In this article, we compare Markov Decision Process (MDP) to expected marginal seat revenue b (EMSRb) under realistic demand behaviour by implementing both in a stochastic simulation model. First come first served as well as an upper bound, serves for reference. We give a short explanation of...
