247
Views
1
CrossRef citations to date
0
Altmetric
Research Article

Airline revenue management with preference based flexible products

&
Pages 128-145 | Received 12 Aug 2020, Accepted 01 Aug 2021, Published online: 06 Sep 2021

References

  • Talluri KT, Van Ryzin GJ. The theory and practice of revenue management.
  • Gallego G, Phillips R. Revenue management of flexible products. Manuf Serv Oper Manage. 2004;6(4):321–337. Volume 68, Springer Science and Business media. 2006.
  • Post D, Spann M. Improving airline revenues with variable opaque products:“Blind Booking” at Germanwings. Interfaces. 2012;42(4):329–338.
  • Klophaus R, Conrady R, Fichert F. Low cost carriers going hybrid: evidence from Europe. J Air Trans Manage. 2012;23:54–58.
  • Tomová A, Ramajová L. Frequent flyer programs and low-cost airlines: ongoing hybridization? Procedia Soc Behav Sci. 2014;110:787–795.
  • Littlewood K (1972) Forecasting and control of passenger bookings. A G-IFROS Symposium Precessing no.12, pp. 95–117, Nathanya, Israel.
  • Belobaba P. Air travel demand and airline seat inventory management. Cambridge, MA: Flight Transportation Laboratory, Massachusetts Institute of Technology; 1987a.
  • McGill JI (1989). Optimization and estimation problems in airline yield management. Unpublished Ph.D. dissertation, University of British Columbia, Vancouver, B.C
  • Wollmer RD. An airline seat management model for a single leg route when lower fare classes book first. Oper Res. 1992;40(1):26–37.
  • Curry RE. Optimal airline seat allocation with fare classes nested by origins and destinations. Transp Sci. 1990;24(3):193–204.
  • Brumelle SL, McGill JI. Airline seat allocation with multiple nested fare classes. Oper Res. 1993;41(1):127–137.
  • Lee TC, Hersh M. A model for dynamic airline seat inventory control with multiple seat bookings. Transp Sci. 1993;27(3):252–265.
  • Feng Y, Gallego G. Optimal starting times for end-of-season sales and optimal stopping times for promotional fares. Manage Sci. 1995;41(8):1371–1391.
  • Ladany SP, Arbel A. Optimal cruise-liner passenger cabin pricing policy. Eur J Oper Res. 1991;55(2):136–147.
  • Gallego G, Van Ryzin G. Optimal dynamic pricing of inventories with stochastic demand over finite horizons. Manage Sci. 1994;40(8):999–1020.
  • Gallego G, Van Ryzin G. A multiproduct dynamic pricing problem and its applications to network yield management. Oper Res. 1997;45(1):24–41.
  • You PS. Dynamic pricing in airline seat management for flights with multiple flight legs. Transp Sci. 1999;33(2):192–206.
  • Petrick A, Steinhardt C, Gönsch J, et al. Using flexible products to cope with demand uncertainty in revenue management. OR Spectr. 2012;34(1):215–242.
  • Mang S, Post D, Spann M. Pricing of flexible products. Rev Managerial Sci. 2012;6(4):361–374.
  • Gönsch J, Koch S, Steinhardt C. Revenue management with flexible products: the value of flexibility and its incorporation into DLP-based approaches. Int J Prod Econ. 2014;153:280–294.
  • Sierag D. Pricing-based revenue management for flexible products on a network. J Revenue Pricing Manage. 2017;16(3):325–339.
  • Fu Q, Wang Q, Xu X, et al. A two-product newsvendor system with a flexible product. Int J Prod Econ. 2017;193:590–601.
  • Petrick A, Gönsch J, Steinhardt C, et al. Dynamic control mechanisms for revenue management with flexible products. Comput Oper Res. 2010;37(11):2027–2039.
  • Koch S, Gönsch J, Steinhardt C. Dynamic programming decomposition for choice-based revenue management with flexible products. Transp Sci. 2017;51(4):1046–1062.
  • Gallego GS, Kou G, Phillips R. Revenue management of callable products. Manage Sci. 2008;54(3):550–564.
  • Gallego G, Stefanescu C. Service engineering: Design and pricing of service features. In: Ö. Özer and R. Phillips (eds.) The Oxford Handbook of Pricing Management, Oxford University Press, Oxford, UK (2012), pp. 713-737.
  • Tseng F-M. Applied Stated preference method for Taiwan’s broadband service choice behavior. J Chin Inst Ind Eng. 2006;23(5):393–402.
  • Tseng CC, Lin JY, Chen MS, et al. The use of conjoint analysis in the design of bicycle-related clothing. J Chin Inst Ind Eng. 2011;28(4):298–315.
  • Hidrue MK, Parsons GR, Kempton W, et al. Willingness to pay for electric vehicles and their attributes. Res Energy Econ. 2011;33(3):686–705.
  • Batte MT, Hooker NH, Haab TC, et al. Putting their money where their mouths are: consumer willingness to pay for multi-ingredient, processed organic food products. Food Policy. 2007;32(2):145–159.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.