A Linear Programming approach for robust network revenue management in the airline industry

Jaehyung An, Alexey Mikhaylov and Sang-Uk Jung

Journal of Air Transport Management, 2021, vol. 91, issue C

Abstract: The classical revenue management problem consists of allocating a fixed network capacity to different customer classes, so as to maximize revenue. This area has been widely applied in service industries that are characterized by a fixed perishable capacity, such as airlines, cruises, hotels, etc.

Keywords: Airline resource allocation; Optimal booking limit policy; Revenue management; Robust optimization; Minimax regret formulation (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:91:y:2021:i:c:s0969699720305615

DOI: 10.1016/j.jairtraman.2020.101979

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