Network revenue management with inventory-sensitive bid prices and customer choice

@article{Meissner2012NetworkRM,
  title={Network revenue management with inventory-sensitive bid prices and customer choice},
  author={Joern Meissner and Arne Strauss},
  journal={European Journal of Operational Research},
  year={2012},
  volume={216},
  pages={459-468}
}
We develop an approximate dynamic programming approach to network revenue management models with customer choice that approximates the value function of the Markov decision process with a non-linear function which is separable across resource inventory levels. This approximation can exhibit significantly improved accuracy compared to currently available… CONTINUE READING