Revenue management for parallel flights with customer-choice behavior
成果类型：
Article
署名作者：
Zhang, D; Cooper, WL
署名单位：
University of Minnesota System; University of Minnesota Twin Cities
刊物名称：
OPERATIONS RESEARCH
ISSN/ISSBN：
0030-364X
DOI：
10.1287/opre.1050.0194
发表日期：
2005
页码：
415-431
关键词：
摘要：
We consider the simultaneous seat-inventory control of a set of parallel flights between a common origin and destination with dynamic customer choice among the flights. We formulate the problem as an extension of the classic multiperiod, single-flight block demand revenue management model. The resulting Markov decision process is quite complex, owing to its multidimensional state space and the fact that the airline's inventory controls do affect the distribution of demand. Using stochastic comparisons, consumer-choice models, and inventory-pooling ideas, we derive easily computable upper and lower bounds for the value function of our model. We propose simulation-based techniques for solving the stochastic optimization problem and also describe heuristics based upon an extension of a well-known linear programming formulation. We provide numerical examples.