Research on the optimal train ticket overbooking strategy for transportation during the spring festival

This paper studies a train ticket overbooking rule and strategy for transportation during the Spring Festival. We determine the expected revenue of train operation by the probability theory. According to the principle which maximizes the expected revenue of the railway sector, we construct a mathematical model to determine the number of overbooking sleeper and seat tickets. Using the optimal solution of the model, the railway sector can find some tactics to reduce the waste of transport resources and improve the train operation efficiency.