Analysis of a Joint Pricing and Seat Allocation Model in a Hub-to-Hub Airline NetworkOptimal pricingAirline networkStructural propertiesPrimal-dual90B06In airline revenue management, after differentiating products on each itinerary according to various restrictions, management needs to set the prices for ...
Series DesignationThe Series Designation establishing a Series may: (i) specify a name or names under which the business and affairs of such Series may be conducted; (ii) designate, fix and determine the relative rights, powers, authority, privileges, preferences, duties, responsibilities, liabiliti...
Seat allocationOverbookingFare familiesDynamic programming (DP)Revenue management systems (RMS) traditionally solve overbooking and seat allocation separately. Overbooking is managed by inflating the physical capacity using a static overbooking model, followed by seat allocation (excluding overbooking) on the ...
Airline networkStructural propertiesPrimal-dualIn airline revenue management,after differentiating products on each itinerary according to various restrictions,management needs to set the prices for the products.A deterministic joint pricing and seat allocation model is proposed.It is reduced to a separable...
This article presents an approach for modeling the combined effects of pricing and fare class seat allocation on realized passenger demand, with the objective of solving for the optimal fares and fare class booking limits jointly and simultaneously. In our model, the underlying demand volume is a ...