A Refined Deterministic Linear Program for the Network Revenue Management Problem with Customer Choice Behavior

@inproceedings{Kunnumkal2007ARD,
  title={A Refined Deterministic Linear Program for the Network Revenue Management Problem with Customer Choice Behavior},
  author={Sumit Kunnumkal and Huseyin Topaloglu},
  year={2007}
}
We present a new deterministic linear program for the network revenue management problem with customer choice behavior. The novel aspect of our linear program is that it naturally generates bid prices that depend on how much time is left until the time of departure. Similar to the earlier linear program used by van Ryzin and Liu (2004), the optimal objective value of our linear program provides an upper bound on the optimal total expected revenue over the planning horizon. In addition, the… CONTINUE READING

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