In the context of parallel alliances, this paper proposes and describes an option-based mechanism that allows an airline to transfer bumped passengers to its alliance partner’s flight. The objective of this mechanism is to reduce the overbooking risk borne by the allied airlines. An analytical...

Purpose – Scheduling needs to be concise and well‐determined but able to respond to the ever‐changing and uncertain market or environment against the constraints of production capacity, resources, time frame, etc. The purpose of this paper is to model and solve a scheduling problem with...