This paper describes a revenue management problem of a major airline that operates in a very competitive market … optimization problems to maximize the expected revenue for the airline. The inputs include models of booking arrival rates …, competitor assortment selection probabilities, customers' booking choices among the airline's own flights as well as competitors …

Airline revenue management is the practice of controlling the booking requests such that the planes are filled with the … and vice versa. This offers an airline company the possibility to adjust the capacity configuration of the plane to the …