Optimal Network Revenue Management Decisions Including Flexible Demand Data and Overbooking

Conference paper
Part of the Studies in Classification, Data Analysis, and Knowledge Organization book series (STUDIES CLASS)

Abstract

In aviation network revenue management it is helpful to address consumers who are flexible w.r.t. certain flight characteristics, e.g., departure times, number of intermediate stops, and booking class assignments. While overbooking has some tradition and the offering of so-called flexible products, in which some of the mentioned characteristics are not fixed in advance, is gaining increasing importance, the simultaneous handling of both aspects is new. We develop a DLP (deterministic linear programming) model that considers flexible products and overbooking and use an empirical example for the explanation of our findings.

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Copyright information

© Springer International Publishing Switzerland 2013

Authors and Affiliations

  1. 1.Karlsruhe Institute of Technology (KIT)KarlsruheGermany

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