Airline revenue management: an overview of OR techniques 1982-2001
2002-02-13
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
Automatically Extracted Terms
- booking
- model
- revenue
- method
- demand
- control
- class
- solution
- problem
- management
- fare class
- booking request
- solution methods
- opportunity costs
- flight
- booking control policy
- network
- request
- airline
- inventory
