Korean Management Science Review (경영과학)

The Korean Operations Research and Management Science Society (한국경영과학회)
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Simulation Experimental Analysis on a Seat Inventory Control Problem for Sequential Multiple Flights with Customer Choice Behavior

순차적으로 출발하는 여객노선에서 고객의 의사결정을 고려한 좌석재고 통제문제에 대한 모의실험 분석

  • 박창규 (울산대학교 경영대학 경영학부) ;
  • 서준용 (울산대학교 경영대학 경영학부) ;
  • 홍윤숙 (울산대학교 경영대학 경영학부)
  • Received : 2012.06.20
  • Accepted : 2012.12.13
  • Published : 2013.03.31
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Abstract

We conduct the future studies suggested by Park and Seo [3]. They considered a seat inventory control problem in which flights depart sequentially during a similar time-interval and passengers purchase available seats depending on individual customer choice behavior. Customer choice behavior can lead to one among a horizontal shift, a diversion-up, and a booking loss when a desired fare class is unavailable. We investigate how seat availability calculation method, booking limit control mechanism, seat inventory capacity, number of booking class, type of seat demand influence on revenues in an airline industry through thorough computer simulation experiments.

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References

  1. Boyd, E.A. and R. Kallesen, "The science of revenue management when passengers purchase the lowest available fare," Journal of Revenue and Pricing Management, Vol.3 (2004), pp.171-177. https://doi.org/10.1057/palgrave.rpm.5170104
  2. Haerian, L., T. Homem-de-Mello, and C.A. Mount-Campbell, "Modeling revenue yield of reservation systems that use nested capacity protection strategies," International Journal of Production Economics, Vol.104 (2006), pp.340-353. https://doi.org/10.1016/j.ijpe.2006.02.006
  3. Park, C. and J. Seo, "Seat inventory control for sequential multiple flights with customer choice behavior," Computers and Industrial Engineering, Vol.61(2011), pp.1189-1199. https://doi.org/10.1016/j.cie.2011.07.008
  4. Vinod, B., "Advances in inventory control," Journal of Revenue and Pricing Management, Vol.4(2006), pp.367-381. https://doi.org/10.1057/palgrave.rpm.5170159