6533b872fe1ef96bd12d2c8f
RESEARCH PRODUCT
OPTIMAL AIRLINE SEAT INVENTORY CONTROL FOR MULTI-LEG FLIGHTS
Kristine RoziteEdgars K. VasermanisKonstantin N. NechvalNicholas A. Nechvalsubject
Difficult problemInventory controlEngineeringInformationSystems_MODELSANDPRINCIPLESDynamic modelsOperations researchbusiness.industryComputerApplications_COMPUTERSINOTHERSYSTEMSOperations managementGeneral MedicineModel based controlbusinessProfit (economics)description
Abstract For large commercial airlines, efficiently setting and updating seat allocation targets for each passenger category on each multi-leg flight is an extremely difficult problem. This paper presents static and dynamic models of airline seat inventory control for multi-leg flights with multiple fare classes, which allow one to maximize an expected contribution to profit. The dynamic model uses the most recent demand and capacity information and allows one to allocate seats dynamically and anticipatory over time.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2005-01-01 | IFAC Proceedings Volumes |