Original scientific paper
Research on Multi-leg Inventory Control Based on Passenger Choice
Wei Fan
; Department of Computer Science and Technology, Civil Aviation University of China, Tianjin, China
Qiubo Su
; 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
To remedy the lack of mathematical programming and the Expected Marginal Seat Revenue (EMSR) model for multi-leg seat inventory control, this paper proposes a method based on passenger choice. Except for data about which seats passengers decide to opt for, there is no need to obtain distributions of passengers’ demands or other “a priori” information. The proposed method can discover the real factors that affect passengers’ choices, and then estimate the probabilities of seat choices and the revenue according to the weights of the factors. Simulated experiments and comparison with the shadow price method and the virtual “bucket” method confirm the feasibility and effectiveness of the proposed method in seat inventory control for multi-leg flights.
Keywords
seat allocation; passenger choice; multi-leg; Expected Marginal Seat Revenue (EMSR) model
Hrčak ID:
147100
URI
Publication date:
1.1.2014.
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