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In this paper we simultaneously address four constraints relevant to airline revenue management problem: Flight cancellation, customer no-shows, overbooking and refunding. We develop a linear program closely related to the dynamic program formulation of the problem which we later use to approximate the optimal decision rule for rejecting or accepting customers. We give a novel proof that the optimal objective function of this linear program is...
20 p vaa 28/06/2019 322 1
Từ khóa: Revenue management, Approximate dynamic programming, Airline revenue management problem, Flight cancellation, Customer no-shows
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