Exogenous Capacity Changes in Airline Revenue Management: Quantifying the Value of Information

Daniel Kadatz (), Natalia Kliewer () and Catherine Cleophas ()
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Daniel Kadatz: Freie Universität Berlin
Natalia Kliewer: Freie Universität Berlin
Catherine Cleophas: RWTH Aachen University

A chapter in Operations Research Proceedings 2016, 2018, pp 429-434 from Springer

Abstract: Abstract In airline revenue management, capacity is usually assumed to be fixed. However, capacity changes are common in practice. This contribution quantifies the value of information when systematically considering possible capacity changes in revenue optimization. It solves a stochastic model that anticipates capacity changes, given different levels of information. A computational study compares solution approaches with respect to the resulting revenue, seat load factor, and denied boarding.

Keywords: Revenue Management; Capacity Changes; Exogenous Capacity; Seat Load Factor; Fare Classes (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-319-55702-1_57

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DOI: 10.1007/978-3-319-55702-1_57

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