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Intelligent Constructing Optimal Airline Seat Protection Levels for Multiple Nested Fare Classes of Single-Leg Flights

  • N. A. Nechval*
  • , Gundars Bērziņš
  • , K. N. Nechval
  • , V. Danovics
  • *Corresponding author for this work
  • University of Latvia

Research output: Chapter in Book/Report/Conference proceedingConference paperResearchpeer-review

3 Citations (Scopus)

Abstract

Airlines sell the same seat at different prices according to the time at which the reservation is made and other conditions. Thus the same seat can be sold at different prices. The problem is to find an optimal policy that maximizes total expected revenue. In this paper, a new intelligent technique of constructing optimal airline seat protection levels for multiple nested fare classes of single-leg flights is proposed. A number of results useful for practical applications are obtained. An illustrative example is given.

Original languageEnglish
Title of host publicationJournal of Physics: Conference Series
Volume1603
Edition1
DOIs
Publication statusPublished - 22 Sept 2020

Publication series

NameJournal of Physics: Conference Series
PublisherIOP Publishing Ltd.
ISSN (Print)1742-6588

OECD Field of Science

  • 5.2 Economics and Business

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