Focusing on a seller's regret in not acting optimally, we develop a model of overbooking and fare-class allocation in the multifare, single-resource problem in revenue management. We derive optimal static overbooking levels and booking limits, in closed form, that minimize the maximum relative...

Overbooking and fare-class allocation are two central problems in revenue management. In this paper, we propose a distribution-free approach for coordinating these two sets of decisions for a single resource. The only information we use are upper and lower bounds of demand of each fare-class and...