Booking policy for flights with two types of passengers

An overbooking model for a fixed nonstop flight with two types of passengers is presented. The model takes cancellations, and reservations prior to departure into consideration as well as ‘no-shows’ (passengers who fail to arrive for flights without notice), denied boardings and downgrading of passe...

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Bibliographic Details
Published in:European journal of operational research 1986, Vol.27 (3), p.274-288
Main Authors: Alstrup, Jens, Boas, Søren, Madsen, Oli B.G., Vidal, RenéVictor Valqui
Format: Article
Language:English
Subjects:
Air transportation
Air transportation industry
Airlines
Applied sciences
Cost analysis
Dynamic programming
Exact sciences and technology
Functions
Markov analysis
Markov processes
Miscellaneous
Operational research and scientific management
Operational research. Management science
Operations research
Optimization
service
Validation
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Summary:An overbooking model for a fixed nonstop flight with two types of passengers is presented. The model takes cancellations, and reservations prior to departure into consideration as well as ‘no-shows’ (passengers who fail to arrive for flights without notice), denied boardings and downgrading of passengers. The model treats the airline booking process as a Markovian nonhomogeneous sequential decision process. The model is solved by two dimensional stochastic dynamic programming. Computational experiences and numerical results from a real-life case, including different types of sensivity analysis, are presented.
ISSN:0377-2217
1872-6860
DOI:10.1016/0377-2217(86)90325-5