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Chinese Journal of Management Science ›› 2006, Vol. ›› Issue (5): 68-72.

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Integrated Static Modeling of Airline Seat Inventory Control and Overbooking

ZHU Jin-fu1, LIU Wei2, GAO Qiang1   

  1. 1. College of Civil Aviation, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China;
    2. Planning and Statistics Division, East China Civil Aviation Authorities, Shanghai 200035, China
  • Received:2005-09-30 Revised:2006-09-10 Online:2006-10-28 Published:2012-03-07

Abstract: The integrated static modeling of seat inventory control and overbooking for airline revenue management was studied in this paper.Firstly,a simple overbooking equation was given for single-leg single-class seat inventory flight,with seat reservation process simulated as queuing process and maximized flight revenue as objective function.Secondly,the idea was extended to multi-class seat inventory situation by using dynamic program to build integrated static model of seat inventory control and overbooking.After two theorems were proved,optimal seat reservation decision equations of each level seat inventory were obtained.Finally,an instance was analyzed to show the utilization of the decision equations.

Key words: transportation, seat inventory control, overbooking, static model

CLC Number: