An LP based approximate dynamic programming model to address airline overbooking under cancellation, refund and no-show
In this paper we simultaneously address four constraints relevant to airline revenue management problem: flight cancellation, customer no-shows, overbooking, and refunding. We develop a linear program closely related to the dynamic program formulation of the problem, which we later use to approximat...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Belgrade
2019-01-01
|
| Series: | Yugoslav Journal of Operations Research |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0354-0243/2019/0354-02431800026S.pdf |