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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Transportation Resea...arrow_drop_down
image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao
Transportation Research Part B Methodological
Article . 2007 . Peer-reviewed
License: Elsevier TDM
Data sources: Crossref
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Dynamic network yield management

Authors: Xiubin Wang; Fenghuan Wang;

Dynamic network yield management

Abstract

The general dynamic network yield management problem is studied in the context of airline operations. We assume that booking requests on the itineraries follow independent inhomogeneous Poisson processes along the time prior to departure. The yield management policy dynamically determines acceptance or rejection of the booking requests from each itinerary on the network in order to maximize the total expected revenue. The necessity and sufficiency conditions of the optimal policy are examined. These conditions determine the pivotal points when policy changes take place. An optimal solution is proposed. We show that the threshold policy in which open and closed statuses of a fare class alternate is a solution structure general to the dynamic network yield management problem. Particularly, this study shows that the single leg case, which has been successfully solved, is a special case of the general network problem. In addition, enabled by the optimal solution, we gain many insights through example for the first time.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
6
Average
Average
Average
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