An Airline Overbooking Model

Marvin Rothstein

193 citations0/0 files storedTransportation Science

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Supply Chain and Inventory Management Aviation Industry Analysis and Trends Air Traffic Management and Optimization

Abstract

A model for determining airline overbooking policies is presented. The problem is formulated as a nonhomogeneous Markovian sequential decision process. Solutions that are optimal in several different senses are obtained with the aid of dynamic programming. An example based upon airline data illustrates the character of the policies and the sensitivity of the model with respect to certain parameters.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 193 citations exist upstream.

References

1964Analysis of Inventory Systems.

Cited by

2009Tourism supply chain management: A new research agenda 2004Overbooking with Substitutable Inventory Classes 1998The Strategic Levers of Yield Management 2004Revenue Management of Flexible Products 2000Optimal dynamic pricing of perishable products with stochastic demand and a finite set of prices 2000Perishable Asset Revenue Management with Markovian Time Dependent Demand Intensities 1974HOTEL OVERBOOKING AS A MARKOVIAN SEQUENTIAL DECISION PROCESS*2023Operational Research: methods and applications

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.