overview of OR techniques for airline revenue management

With the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus of...

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Bibliographic Details
Published in:Statistica Neerlandica 2002-11, Vol.56 (4), p.479-495
Main Authors: Pak, Kevin, Piersma, Nanda
Format: Article
Language:English
Subjects:
OR techniques
revenue management
seat inventory control
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Summary:With the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus of research continues to be the airline industry. Ever since LITTLEWOOD (1972) first proposed a solution method for the airline revenue management problem, a variety of solution methods have been introduced. In this paper we give an overview of the solution methods presented throughout the literature.
ISSN:0039-0402
1467-9574
DOI:10.1111/1467-9574.00213