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Research on Overbooking of Airline Revenue Management

Author: LiuZuo
Tutor: ZhuJinFu
School: Nanjing University of Aeronautics and Astronautics
Course: Transportation Planning and Management
Keywords: Revenue Management Overbooking Overbooking modeling Queuing theory Decision support systems
CLC: F560
Type: Master's thesis
Year: 2005
Downloads: 643
Quote: 15
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Abstract


Revenue Management is the rise of the airlines in the past 20 years of scientific management methods and research focus . Overbooking is an important part of the revenue management . Super sale of air passenger revenue management is the main object of study , carried out in-depth research on overbooking modeling , overbooking decision support system . The specific research work are : First , the emergence and development of the historical background of the three aspects of revenue management from the practical application of the theoretical foundation and technology platform , a complete summary of overbooking study the development course of the 40 years of research ideas and methods . Analysis of the development of China 's air transport industry , raised some practical issues that need to be addressed by the research overbooking , pointed out that the double meaning of the research on the theory and practical application . Second, the ticket sales process is modeled as a queuing process , the establishment of a single- leg single - level fare under the level of overbooking formula , and extended to the multi-class fares , accommodation for each grade salable number of seats protection level of decision-making equation . The overbooking dynamic model describes embedded Markov chain of birth and death process , using dynamic programming approach to find the optimal overbooking decisions . Three overbooking decision support system design and development of a prototype of an overbooking decision support system , and combined with China 's airline transport case Examples of applications of the theory . The case study shows , overbooking model established in this paper are correct , the overbooking decision support system developed effective .

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CLC: > Economic > Transportation and economic > Air transport and economic > Air transport economic theory
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