Revenue management problem considering overbooking in the aviation industry

研究成果: Conference contribution

抄録

This paper presents an optimization model using stochastic programming to secure the optimum seat and maximizing the profit of the airline in consideration of overbooking. Airline seat inventory control involves selling the right seats to the right people at the right time. If an airline sells tickets on a first-come, first-serve basis, it is likely to be occupied by leisure travelers and late bookers. Generally, business travelers willing to pay a higher fare will subsequently find no seats left, and revenue from such sales will be lost. While there are various needs that depend on the type of passenger, we propose an optimization model using stochastic programming as a method of maximizing the profit of the airline company by securing seats appropriately and employing the concept of overbooking.

本文言語English
ホスト出版物のタイトルProceedings - 2021 10th International Congress on Advanced Applied Informatics, IIAI-AAI 2021
出版社Institute of Electrical and Electronics Engineers Inc.
ページ855-860
ページ数6
ISBN(電子版)9781665424202
DOI
出版ステータスPublished - 2021
イベント10th International Congress on Advanced Applied Informatics, IIAI-AAI 2021 - Virtual, Online, Japan
継続期間: 2021 7月 112021 7月 16

出版物シリーズ

名前Proceedings - 2021 10th International Congress on Advanced Applied Informatics, IIAI-AAI 2021

Conference

Conference10th International Congress on Advanced Applied Informatics, IIAI-AAI 2021
国/地域Japan
CityVirtual, Online
Period21/7/1121/7/16

ASJC Scopus subject areas

  • コンピュータ ネットワークおよび通信
  • コンピュータ サイエンスの応用
  • 情報システム
  • 情報システムおよび情報管理
  • 教育

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