Continuous-time dynamic network yield management with demand driven dispatch in the airline industry

Xiubin Wang and Qiang Meng

Transportation Research Part E: Logistics and Transportation Review, 2008, vol. 44, issue 6, 1052-1073

Abstract: This study integrates the airlines dynamic network yield management and demand driven dispatch. In this problem, the final fleet assignment is determined by the accepted bookings. The objective is to develop a policy for acceptance/rejection of booking requests to maximize the total expected revenue less operational cost. This paper simultaneously makes optimal dynamic yield management and fleet assignment decisions. In addition, it investigates a special popular practical instance in North America in which the a priori fleet assignment imbeds aircraft swap opportunities. An approximate dynamic method is specially proposed for it, and numerical results demonstrate its strong applicability.

Keywords: Network; yield; management; Demand; driven; dispatch; Integrated; supply; and; pricing (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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