airline revenue management
2002-01-22
Research Paper
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With the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus of research continues to be the airline industry. Ever since Littlewood (1972) first proposed a solution method for the airline revenue management problem, a variety of solution methods have been introduced. In this paper we will give an overview of the solution methods presented throughout the literature.
Keywords
Classifications using
Journal of Economic Literature (JEL) Classification System
- C61 : Optimization Techniques; Programming Models; Dynamic Analysis
- M : Business Administration and Business Economics; Marketing; Accounting
- R4 : Transportation Systems
- M11 : Production Management
Automatically Extracted Terms
- booking
- model
- revenue
- method
- demand
- management
- control
- solution
- class
- problem
- solution methods
- fare class
- booking request
- network
- opportunity costs
- flight
- booking control policy
- airline
- request
- inventory
