Airline network revenue management by multistage stochastic programming

@article{Mller2008AirlineNR,
  title={Airline network revenue management by multistage stochastic programming},
  author={Andris M{\"o}ller and Werner R{\"o}misch and Klaus Weber},
  journal={Comput. Manag. Science},
  year={2008},
  volume={5},
  pages={355-377}
}
A multistage stochastic programming approach to airline network revenue management is presented. The objective is to determine seat protection levels for all itineraries, fare classes, point of sales of the airline network and all data collection points of the booking horizon such that the expected revenue is maximized. While the passenger demand and cancelation rate processes are the stochastic inputs of the model, the stochastic protection level process represents its output and allows to… CONTINUE READING
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