A Peculiar Type of Revenue Management: Overbooking

Giampaolo Viglia
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Giampaolo Viglia: University of Eastern Piedmont

Chapter 5 in Pricing, Online Marketing Behavior, and Analytics, 2014, pp 68-75 from Palgrave Macmillan

Abstract: Abstract Chapter 5 presents in detail the concept of overbooking, a revenue management technique used to maximize profits. The approach of this whole chapter is analytical, with the use of mathematical formulas. In addition, there is a discussion of the behavioral consequences, particularly in terms of unfairness, in line with what was highlighted in previous chapters.

Keywords: Service Level; Revenue Management; Airline Industry; Peculiar Type; Additional Reservation (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-41326-0_6

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DOI: 10.1057/9781137413260_6

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