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

Kadatz, Daniel and Kliewer, Natalia and Cleophas, Catherine (2017) Exogenous Capacity Changes in Airline Revenue Management:Quantifying the Value of Information. In: Operations Research Proceedings 2016. Springer, Cham, pp. 429-434. ISBN 9783319557014

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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.

Item Type:
Contribution in Book/Report/Proceedings
ID Code:
88065
Deposited By:
Deposited On:
06 Oct 2017 20:07
Refereed?:
Yes
Published?:
Published
Last Modified:
17 Sep 2020 06:13