Alternative risk-averse approaches for airline network revenue management


Terciyanli E., AVŞAR Z. M.

TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW, cilt.125, ss.27-46, 2019 (SCI İndekslerine Giren Dergi) identifier identifier

  • Cilt numarası: 125
  • Basım Tarihi: 2019
  • Doi Numarası: 10.1016/j.tre.2019.02.002
  • Dergi Adı: TRANSPORTATION RESEARCH PART E-LOGISTICS AND TRANSPORTATION REVIEW
  • Sayfa Sayıları: ss.27-46

Özet

In this study, seat inventory control is considered for airline networks. Alternative optimization models are proposed for risk-averse decision makers by incorporating the following measure: lower-semideviation of revenue from a given threshold level or expected revenue. Performance of the proposed models is tested in a simulation model for a sample network under different scenarios by using a nesting heuristic and simulating arrival pattern of the airline demand.