A static overbooking model in single leg flight revenue management

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Pourghannad, Behrooz (2013) A static overbooking model in single leg flight revenue management. [Thesis]

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Abstract

In this thesis, we present a static single leg airline revenue management model with overbooking. In this model it is assumed that the requests for different fare class tickets arrive according to independent nonhomogeneous Poisson processes. Each accepted request may cancel its reservation before the departure, and at the departure time no-shows may occur. In this setup, a static strategy is represented by a deterministic vector whose components give the closing times of the fare classes. Among those strategies we determine one with the highest expected revenue. As such this model can be seen as the static counter part of a dynamic continuous-time airline overbooking model. It can also be considered as an alternative to the well-known EMSR heuristics. In the thesis, we also study the performance of the optimal static strategy numerically and compare it with those of EMSR and dynamic strategies.
Item Type: Thesis
Uncontrolled Keywords: Optimization. -- Airline revenue management. -- Poisson processes. -- Eniyileme. -- Hava yolu gelir yönetimi. -- Poisson süreçleri.
Subjects: Q Science > QA Mathematics
Divisions: Faculty of Engineering and Natural Sciences > Basic Sciences > Mathematics
Faculty of Engineering and Natural Sciences
Depositing User: IC-Cataloging
Date Deposited: 30 Dec 2016 15:58
Last Modified: 26 Apr 2022 10:07
URI: https://research.sabanciuniv.edu/id/eprint/31019

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