A model for airline seat control considering risk and discount

DOI

10.2991/iccsee.2013.30How to use a DOI?

Keywords

seat control models, riskneutrality,multi-leg,virtualbucket, simulation.

Abstract

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 policy was examined by a series of simulation experiments. The simulation analysis shows that the model can balance the expected revenue and revenue variation.

Copyright

© 2013, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Wei Fan
AU  - Jianwei Wang
PY  - 2013/03
DA  - 2013/03
TI  - A model for airline seat control considering risk and discount
BT  - Proceedings of the 2nd International Conference on Computer Science and Electronics Engineering (ICCSEE 2013)
PB  - Atlantis Press
SP  - 114
EP  - 117
SN  - 1951-6851
UR  - https://doi.org/10.2991/iccsee.2013.30
DO  - 10.2991/iccsee.2013.30
ID  - Fan2013/03
ER  -