Journal of the Korean Operations Research and Management Science Society (한국경영과학회지)

The Korean Operations Research and Management Science Society (한국경영과학회)
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Survey on Revenue Management Models for Airlines

항공사 수익경영모형에 관한 조사연구

  • 윤문길 (한국항공대학교 경영학과) ;
  • 이휘영 (인하공업전문대학 항공경영과)
  • Published : 2005.06.01
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Abstract

The concept of revenue management (RM) has been used widely in the air-transportation industry, and proven as a good system for managing perishable assets. While the airlines are the oldest and most sophisticated users of RM, these practices have been an enormously important innovation in other service industries such as the travel, the railway, the internet and the manufacturing industries. In this paper, reviewing several studies on RM, we introduce the fundamental concepts and the major models of RM covering seat allocation with multiple fare classes and overbooking. Future research directions also are suggested.

Keywords

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