Airline seat management with round-trip requests
DOI:
https://doi.org/10.2298/YJOR0402155YKeywords:
airline, inventory, booking, revenue managementAbstract
Consider a multi-period multi-fare class airline booking problem related to a two-leg airline network. Travel requests include outbound, inbound trip, and round trips. The round-trip refers to a journey comprising both outbound and inbound trips. To develop a dynamic-nested booking decision-making system for the airline network, this study designs a dynamic model that enables the airline reservations system to devise a set of dynamic decision rules for any given booking status. The booking process is found to be controlled by some set of booking thresholds.References
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