A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.

A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.

Railway seat inventory control aims to maximize ticket sale profits by determining a selling policy on the reservation horizon. This paper introduces a dynamic bid price approach in railway seat inventory control problem. Multi-dimensional demand is taken into consideration in modeling the problem,...

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Bibliographic Details
Main Authors: Wuyang Yuan, Lei Nie, Xin Wu, Huiling Fu
Format: Article
Language:English
Published: Public Library of Science (PLoS) 2018-01-01
Series:PLoS ONE
Online Access:http://europepmc.org/articles/PMC6093683?pdf=render
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spelling doaj-58007cdb05134f8f86dc8803ee5f05392020-11-25T02:33:33ZengPublic Library of Science (PLoS)PLoS ONE1932-62032018-01-01138e020171810.1371/journal.pone.0201718A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.Wuyang YuanLei NieXin WuHuiling FuRailway seat inventory control aims to maximize ticket sale profits by determining a selling policy on the reservation horizon. This paper introduces a dynamic bid price approach in railway seat inventory control problem. Multi-dimensional demand is taken into consideration in modeling the problem, in which passenger transfer is our main focus. A new approximate approach is designed to this problem. Numerical examples are presented to evaluate the efficiency of this approach. Simulation experiments are conducted to verify the impact of transfer under different scenarios.http://europepmc.org/articles/PMC6093683?pdf=render
collection DOAJ
language English
format Article
sources DOAJ
author Wuyang Yuan
Lei Nie
Xin Wu
Huiling Fu
spellingShingle Wuyang Yuan
Lei Nie
Xin Wu
Huiling Fu
A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
PLoS ONE
author_facet Wuyang Yuan
Lei Nie
Xin Wu
Huiling Fu
author_sort Wuyang Yuan
title A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
title_short A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
title_full A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
title_fullStr A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
title_full_unstemmed A dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
title_sort dynamic bid price approach for the seat inventory control problem in railway networks with consideration of passenger transfer.
publisher Public Library of Science (PLoS)
series PLoS ONE
issn 1932-6203
publishDate 2018-01-01
description Railway seat inventory control aims to maximize ticket sale profits by determining a selling policy on the reservation horizon. This paper introduces a dynamic bid price approach in railway seat inventory control problem. Multi-dimensional demand is taken into consideration in modeling the problem, in which passenger transfer is our main focus. A new approximate approach is designed to this problem. Numerical examples are presented to evaluate the efficiency of this approach. Simulation experiments are conducted to verify the impact of transfer under different scenarios.
url http://europepmc.org/articles/PMC6093683?pdf=render
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AT leinie adynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
AT xinwu adynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
AT huilingfu adynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
AT wuyangyuan dynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
AT leinie dynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
AT xinwu dynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
AT huilingfu dynamicbidpriceapproachfortheseatinventorycontrolprobleminrailwaynetworkswithconsiderationofpassengertransfer
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