Alternative risk-averse approaches for airline network revenue management

Erman Terciyanlı and Zeynep Müge Avṣar

Transportation Research Part E: Logistics and Transportation Review, 2019, vol. 125, issue C, 27-46

Abstract: In this study, seat inventory control is considered for airline networks. Alternative optimization models are proposed for risk-averse decision makers by incorporating the following measure: lower-semideviation of revenue from a given threshold level or expected revenue. Performance of the proposed models is tested in a simulation model for a sample network under different scenarios by using a nesting heuristic and simulating arrival pattern of the airline demand.

Keywords: Revenue management; Seat inventory control; Mathematical programming; Risk (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1016/j.tre.2019.02.002

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