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• W2009623592 abstract "We consider an airline seat inventory control problem with multiple origins, one hub, and one destination. Passengers from the origins fly to the destination via the hub. Seat capacity of the hub-destination flight is fixed. Demands at origins are assumed to obey the Poisson process. To maximize the expected revenue, management faces decisions on allocating seats among competing origin-destination routes. This study presents a stochastic control model and develops optimal control rules. The basic model is subsequently distended to consider multiple fares on each route, time-dependent demands, and booking control on an extended network. A numerical example shows that optimal seat control is simple and efficient." @default.
• W2009623592 created "2016-06-24" @default.
• W2009623592 creator A5041419616 @default.
• W2009623592 creator A5053471965 @default.
• W2009623592 date "2001-12-01" @default.
• W2009623592 modified "2023-09-25" @default.
• W2009623592 title "A Dynamic Airline Seat Inventory Control Model and Its Optimal Policy" @default.
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• W2009623592 doi "https://doi.org/10.1287/opre.49.6.938.10026" @default.
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