This paper considers a dynamic overbooking problem for parallel substitutable flights with different departure times. Those flights have multiple fare classes, and reservations are allowed to be canceled with costs. If the go-shows of a flight are larger than its capacity, then some of them may...

In the civil aviation market, overbooking has been a common approach for airlines to recover losses caused by cancelation and no-shows. However, overbooking would bring even more uncertainty into the system sometimes. As a solution, a new policy named transference is being implemented among...