Continuous-time dynamic network yield management with demand driven dispatch in the airline industry
This study integrates the airlines dynamic network yield management and demand driven dispatch. In this problem, the final fleet assignment is determined by the accepted bookings. The objective is to develop a policy for acceptance/rejection of booking requests to maximize the total expected revenue less operational cost. This paper simultaneously makes optimal dynamic yield management and fleet assignment decisions. In addition, it investigates a special popular practical instance in North America in which the a priori fleet assignment imbeds aircraft swap opportunities. An approximate dynamic method is specially proposed for it, and numerical results demonstrate its strong applicability.
Year of publication: |
2008
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Authors: | Wang, Xiubin ; Meng, Qiang |
Published in: |
Transportation Research Part E: Logistics and Transportation Review. - Elsevier, ISSN 1366-5545. - Vol. 44.2008, 6, p. 1052-1073
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Publisher: |
Elsevier |
Keywords: | Network yield management Demand driven dispatch Integrated supply and pricing |
Saved in:
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