The role of robust optimization in single-leg airline revenue management

Birbil, Ş. İlker and Frenk, J.B.G. and Gromicho, J.A.S. and Zhang, S. (2009) The role of robust optimization in single-leg airline revenue management. Management Science, 55 (1). pp. 148-163. ISSN 0025-1909

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Official URL: http://mansci.journal.informs.org/cgi/rapidpdf/mnsc.1070.0843v1

Abstract

In this paper we introduce robust versions of the classical static and dynamic single leg seat allocation models as analyzed by Wollmer, and Lautenbacher and Stidham, respectively. These robust models take into account the inaccurate estimates of the underlying probability distributions. As observed by simulation experiments it turns out that for these robust versions the variability compared to their classical counterparts is considerably reduced with a negligible decrease in average revenue

Item Type:	Article
Uncontrolled Keywords:	airline revenue management; single-leg problems; static models; dynamic models; robust optimization
Subjects:	Q Science > QA Mathematics T Technology > TA Engineering (General). Civil engineering (General)
Divisions:	Faculty of Engineering and Natural Sciences
Depositing User:	Ş. İlker Birbil
Date Deposited:	03 Dec 2009 09:21
Last Modified:	25 May 2011 14:10
URI:	https://research.sabanciuniv.edu/id/eprint/13200

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The role of robust optimization in single-leg airline revenue management. (deposited 28 Oct 2007 17:06)
- The role of robust optimization in single-leg airline revenue management. (deposited 07 Nov 2008 15:59)
  - The role of robust optimization in single-leg airline revenue management. (deposited 03 Dec 2009 09:21) [Currently Displayed]

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