DocumentCode
3274171
Title
Airline robust overbooking strategy with limited information
Author
Yu, Hui ; Chen, Jing-guang
Author_Institution
Dept. of Econ. & Bus. Adm., Chongqing Univ., Chongqing, China
fYear
2010
fDate
28-30 June 2010
Firstpage
1
Lastpage
5
Abstract
Overbooking is not only an important content of revenue management, but also an effective way to increase airlines´ profits. Arrival rate of ticketed passengers is a key factor to determine the number of overbooking, but its information is often limited. Based on the limited distribution information of arrival rate, this paper establishes a single-fare-class overbooking model, and obtains a robust overbooking strategy. Numerical analysis shows characteristics and stability of the strategy.
Keywords
financial management; statistical analysis; travel industry; airline robust overbooking strategy; arrival rate distribution information; numerical analysis; revenue management; single-fare-class overbooking model; Content management; Cost function; Delay; Dynamic programming; Marketing and sales; Mathematical model; Numerical analysis; Numerical stability; Robustness; Stability analysis; Overbooking; arrival rate; robust overbooking strategy;
fLanguage
English
Publisher
ieee
Conference_Titel
Service Systems and Service Management (ICSSSM), 2010 7th International Conference on
Conference_Location
Tokyo
Print_ISBN
978-1-4244-6485-2
Type
conf
DOI
10.1109/ICSSSM.2010.5530236
Filename
5530236
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