A model for airline seat control considering risk and discount
Most seat control models rely on the concept of marginal seat revenue and the assumption of risk neutrality to develop an policy to solve this kind of problem.For the multi-leg dynamic seat control problem,this study proposed a modified multi-leg policy to take risk into consideration by discounting the marginal seat revenue and using the virtual bucket.The effectiveness of the modified poficy was examined by a series of simulation experiments.The simulation analysis shows that the model can balance the expected revenue and revenue variation.
seat control models riskneutrality multi-leg virtualbucket simulation
Wei Fan Jianwei Wang
Computer Institute,Civil Aviation university of China,Tianjin China
国际会议
杭州
英文
114-117
2013-03-22（万方平台首次上网日期，不代表论文的发表时间）