Optimal pricing and seat allocation for a two-cabin airline revenue management problem

2018 ◽  
Vol 201 ◽  
pp. 18-25 ◽  
Author(s):  
George J. Kyparisis ◽  
Christos Koulamas
Keyword(s):  
Revenue Management ◽  
Optimal Pricing ◽  
Management Problem ◽  
Airline Revenue Management ◽  
Seat Allocation

A bi-objective airline revenue management problem with possible cancellation

2016 ◽  
Vol 8 (1) ◽  
pp. 20 ◽  
Author(s):  
Mohammad Vardi ◽  
Ali Salmasnia ◽  
Ali Ghorbanian ◽  
Hadi Mokhtari
Keyword(s):  
Revenue Management ◽  
Management Problem ◽  
Airline Revenue Management

scholarly journals A Welfare Assessment of Revenue Management Systems

2020 ◽  
Vol 19 (1) ◽  
pp. 1-41
Author(s):  
Nicolas Dupuis ◽  
Marc Ivaldi ◽  
Jerome Pouyet
Keyword(s):  
Theoretical Model ◽  
Revenue Management ◽  
Consumer Preferences ◽  
Consumer Surplus ◽  
Capacity Constraints ◽  
Management Systems ◽  
Optimal Pricing ◽  
Pricing Strategies ◽  
Welfare Impact ◽  
Welfare Assessment

AbstractWe study the welfare impact of revenue management, a practice which is widely spread in the transport industry, but whose impact on consumer surplus remains unclear. We develop a theoretical model of revenue management allowing for heterogeneity in product characteristics, capacity constraints, consumer preferences, and probabilities of arrival. We also introduce dynamic competition between revenue managers. We solve this model computationally and recover the optimal pricing strategies. We find that revenue management is generally welfare enhancing as it raises the number of sales.

scholarly journals Simulation-Based Booking Limits for Airline Revenue Management

2005 ◽  
Vol 53 (1) ◽  
pp. 90-106 ◽  
Author(s):  
Dimitris Bertsimas ◽  
Sanne de Boer
Keyword(s):  
Revenue Management ◽  
Airline Revenue Management ◽  
Simulation Based ◽  
Booking Limits
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