Original scientific paper
Multi-leg Seat Inventory Control Based on EMSU and Virtual Bucket
Wei Fan
; Department of Computer Science and Technology, Civil Aviation University of China, Tianjin, China
Jianwei Wang
; Department of Computer Science and Technology, Civil Aviation University of China, Tianjin, China
Wai Hung Ip
; Department of Industrial and Systems Engineering, Hong Kong Polytechnic University, Hong Kong, China
Abstract
Expected marginal seat revenue (EMSR) is a well-known method for airline seat inventory control airlines. However, this method employs a static model to study the dynamic reservation process, and does not take into account the risk tolerance of policy makers. Expected marginal seat utility (EMSU) replaces revenue by utility, which addresses the real situation of seat inventory control. However, there is still a lack of multi-leg seat control algorithms based on EMSU. Therefore, using EMSU and bucket algorithms, this paper applies the Markov decision-making process to simulate the flight reservation process and builds a dynamic multi-leg seat inventory control model. Experimental results validate the effectiveness of the proposed method.
Keywords
Expected Marginal Seat Utility (EMSU); virtual bucket; Markov decision-making process; Expected Marginal Seat Revenue (EMSR)
Hrčak ID:
147101
URI
Publication date:
1.1.2014.
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