Online joint pricing and booking policies in airline revenue management

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1 Scopus citations

Abstract

We introduce a model considering the single-leg revenue management problem from the perspective of online algorithms and competitive analysis. In this model, the price and limitation of bookings are both decision variables. Assuming the process of the customers meets the low-before-high manner and the expected value of customer falls in a closed interval, we analyze the upper bound for deterministic online joint pricing and booking policy and propose one optimal policy for each case.

Original languageEnglish
Title of host publicationCombinatorial Optimization and Applications - 6th International Conference, COCOA 2012, Proceedings
Pages281-290
Number of pages10
DOIs
StatePublished - 2012
Event6th Annual International Conference on Combinatorial Optimization and Applications, COCOA 2012 - Banff, AB, Canada
Duration: 5 Aug 20129 Aug 2012

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume7402 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Conference

Conference6th Annual International Conference on Combinatorial Optimization and Applications, COCOA 2012
Country/TerritoryCanada
CityBanff, AB
Period5/08/129/08/12

Keywords

  • competitive analysis
  • joint pricing and booking
  • online algorithms
  • revenue management

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