Volume 16 Issue 6
. 
Turn off MathJax
Article Contents
Article Navigation >  Journal of Traffic and Transportation Engineering  > 2016  >  16(6): 125-131
GAO Jin-min, LE Mei-long, QU Lin-chi. Joint decision making of pricing and seat inventory control based on discrete time[J]. Journal of Traffic and Transportation Engineering, 2016, 16(6): 125-131.
Citation: GAO Jin-min, LE Mei-long, QU Lin-chi. Joint decision making of pricing and seat inventory control based on discrete time[J]. Journal of Traffic and Transportation Engineering, 2016, 16(6): 125-131.
shu

Joint decision making of pricing and seat inventory control based on discrete time

  • 1.

    School of Economics and Management, Shanghai Maritime University, Shanghai 201306, China

  • 2.

    School of Civil Aviation, Nanjing University of Aeronautics and Astronautics, Nanjing 211106, Jiangsu, China

More Information
  • Author Bio:

    GAO Jin-min(1990-), female, doctoral student, +86-21-38282000, jinmingao@foxmail.com

    QU Lin-chi(1964-), male, professor, PhD, +86-21-38282000, qulinchi@163.com

  • Received Date: 2016-07-01
  • Publish Date: 2016-12-25
    Abstract
  • In order to maximize the revenue of airline company, passenger booking and refunding tickets were regarded as two independent random processes.Poisson distribution was used to simulate the process of passenger booking tickets in the whole pre-sale period. Negative exponential distribution was used to simulate the process of passenger refunding tickets.The joint decision making model of air ticket pricing and seat inventory control based on discrete time was built from the perspective of using price to control demand.The solving idea and method of dynamic programming were used to solve the model.The air ticket being sold with which price in appropriate time period was determined.The number limit of ticket sales in each time period was set.The model was verified by an example.Analysis result shows that 80% discount, 70% discount, 60% discount, 50% discount, 40% discount, 30% discount, 20% discount, 10% discount and full price air tickets should be sold 60.00, 56.58, 52.87, 48.83, 44.38, 39.44, 33.88, 27.51 and 20.09 din advance respectively.Booking limits should be 3, 43, 79, 111, 141, 171, 199, 227 and 290 respectively. The joint decision making model has validity and practicability.It can be used as the reference for the airline company to set price and control seat inventory reasonably.

     

    • FullText(HTML)
  • loading
    • References(35)
  • [1]
    SUBRAMANIAN J, STIDHAM S, LAUTENBACHER C J. Airline yield management with overbooking, cancellations, and no-shows[J]. Transportation Science, 1999, 33(2): 147-167. doi: 10.1287/trsc.33.2.147
    [2]
    CHEN Shao-xiang, GALLEGO G, LI M Z F, et al. Optimal seat allocation for two-flight problems with a flexible demand segment[J]. European Journal of Operational Research, 2010, 201(3): 897-908. doi: 10.1016/j.ejor.2009.04.009
    [3]
    LIANG Yi-gao. Solution to the continuous time dynamics yield management model[J]. Transportation Science, 1999, 33(1): 117-123. doi: 10.1287/trsc.33.1.117
    [4]
    FENG You-yi, XIAO Bai-chun. Optimal policies of yield management with multiple predetermined prices[J]. Operations Research, 2000, 48(2): 332-343. doi: 10.1287/opre.48.2.332.13373
    [5]
    FENG You-yi, GALLEGO G. Optimal starting times for end-ofseason sales and optimal stopping times for promotional fares[J]. Management Science, 1995, 41(8): 1371-1391. doi: 10.1287/mnsc.41.8.1371
    [6]
    GALLEGO G, VAN RYZIN G. Optimal dynamic pricing of inventories with stochastic demand over finite horizons[J]. Management Science, 1994, 40(8): 999-1020. doi: 10.1287/mnsc.40.8.999
    [7]
    GALLEGO G, VAN RYZIN G. A multi-product dynamic pricing problem and its applications to network yield management[J]. Operations Research, 1997, 45(1): 24-41. doi: 10.1287/opre.45.1.24
    [8]
    BERTSIMAS D, DE BOER S. Dynamic pricing and inventory control for multiple products[J]. Journal of Revenue and Pricing Management, 2005, 3(4): 303-319. doi: 10.1057/palgrave.rpm.5170117
    [9]
    LIN K Y, SIBDARI S Y. Dynamic price competition with discrete customer choices[J]. European Journal of Operational Research, 2009, 197(3): 969-980. doi: 10.1016/j.ejor.2007.12.040
    [10]
    施飞, 陈森发. 随时间变化的机票折扣定价研究[J]. 交通运输系统工程与信息, 2010, 10(1): 112-116. https://www.cnki.com.cn/Article/CJFDTOTAL-YSXT201001016.htm

    SHI Fei, CHEN Sen-fa. Air ticket discount pricing based on time varying[J]. Journal of Transportation Systems Engineering and Information Technology, 2010, 10(1): 112-116. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-YSXT201001016.htm
    [11]
    周蔷, 刘长有. 考虑No-Show的多航段航空机票定价模型[J]. 交通运输系统工程与信息, 2014, 14(4): 201-208. doi: 10.3969/j.issn.1009-6744.2014.04.029

    ZHOU Qiang, LIU Chang-you. Air ticket pricing model of multileg airline considering No-Show[J]. Journal of Transportation Systems Engineering and Information Technology, 2014, 14(4): 201-208. (in Chinese). doi: 10.3969/j.issn.1009-6744.2014.04.029
    [12]
    LITTLEWOOD K. Forecasting and control of passenger bookings[C]∥AGIFORS. 12th AGIFORS Symposium. Atlanta: AGIFORS, 1972: 95-117.
    [13]
    BELOBABA P P. Airline yield management an overview of seat inventory control[J]. Transportation Science, 1987, 21(2): 63-73. doi: 10.1287/trsc.21.2.63
    [14]
    LEE T C, HERSH M. A model for dynamic airline seat inventory control with multiple seat bookings[J]. Transportation Science, 1993, 27(3): 252-265. doi: 10.1287/trsc.27.3.252
    [15]
    GLOVER F, GLOVER R, LORENZO J, et al. The passengermix problem in the scheduled airlines[J]. Interfaces, 1982, 12(3): 73-80. doi: 10.1287/inte.12.3.73
    [16]
    WILLIAMSON E L. Airline network seat inventory control: methodologies and revenue impacts[D]. Cambridge: Massachusetts Institute of Technology, 1992.
    [17]
    WANG Xiu-bin, WANG Feng-huan. Dynamic network yield management[J]. Transportation Research Part B: Methodological, 2007, 41(4): 410-425. doi: 10.1016/j.trb.2006.08.001
    [18]
    高强, 朱金福, 陈可嘉. 航空收益管理中多航段舱位控制模型[J]. 交通运输工程学报, 2005, 5(4): 82-85. http://transport.chd.edu.cn/article/id/200504017

    GAO Qiang, ZHU Jin-fu, CHEN Ke-jia. Multi-leg seat inventory control model for airline revenue management[J]. Journal of Traffic and Transportation Engineering, 2005, 5(4): 82-85. (in Chinese). http://transport.chd.edu.cn/article/id/200504017
    [19]
    李金林, 徐丽萍. 运输网络中舱位控制模型与策略[J]. 交通运输工程学报, 2009, 9(1): 100-108. http://transport.chd.edu.cn/article/id/200901021

    LI Jin-lin, XU Li-ping. Capacity control models and approaches in airline network[J]. Journal of Traffic and Transportation Engineering, 2009, 9(1): 100-108. (in Chinese). http://transport.chd.edu.cn/article/id/200901021
    [20]
    樊玮, 苏秋波. 基于分布估计算法的多航段座位分配模型[J]. 信息与控制, 2012, 41(6): 774-778, 785. https://www.cnki.com.cn/Article/CJFDTOTAL-XXYK201206020.htm

    FAN Wei, SU Qiu-bo. Multi-leg capacity allocation model based on estimation of distribution algorithm[J]. Information and Control, 2012, 41(6): 774-778, 785. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-XXYK201206020.htm
    [21]
    高金敏, 乐美龙. 基于轮辐式航线网络的航班舱位控制动态优化[J]. 工业工程, 2015, 18(5): 126-130. https://www.cnki.com.cn/Article/CJFDTOTAL-GDJX201505018.htm

    GAO Jin-min, LE Mei-long. A dynamic optimization research of flight seat inventory control based on the hub and spoke route network[J]. Industrial Engineering Journal, 2015, 18(5): 126-130. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-GDJX201505018.htm
    [22]
    李晓花. 航空公司客运收入管理动态定价与舱位控制的统一策略及其风险分析初探[D]. 成都: 四川大学, 2004.

    LI Xiao-hua. A comprehensive strategy of dynamic pricing and inventory control in airline revenue management and the preliminary discussion of its risk analysis[D]. Chengdu: Sichuan University, 2004. (in Chinese).
    [23]
    冯莹. 东方航空YN分公司的动态定价及舱位控制策略研究[D]. 昆明: 云南大学, 2011.

    FENG Ying. Study on dynamic pricing and inventory control strategy of China Eastern Airlines YN branch company[D]. Kunming: Yunnan University, 2011. (in Chinese).
    [24]
    翟致远. 对于航空收益管理中差别定价及舱位控制策略的最优化研究[D]. 北京: 中国人民大学, 2009.

    ZHAI Zhi-yuan. Optimal policies of differentiated pricing and seat inventory control in airline revenue management[D]. Beijing: Renmin University of China, 2009. (in Chinese).
    [25]
    周蔷, 王忠群, 龚本刚. 基于航线网络的定价、超售与舱位控制策略研究[J]. 兰州大学学报: 自然科学版, 2016, 52(1): 126-134. https://www.cnki.com.cn/Article/CJFDTOTAL-LDZK201601022.htm

    ZHOU Qiang, WANG Zhong-qun, GONG Ben-gang. Strategy research on the pricing, overbooking and cabin inventory control of airline network[J]. Journal of Lanzhou University: Natural Sciences, 2016, 52(1): 126-134. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-LDZK201601022.htm
    [26]
    周蔷, 刘长有. 多航段舱位控制与定价策略[J]. 河南科技大学学报: 自然科学版, 2014, 35(3): 32-37. https://www.cnki.com.cn/Article/CJFDTOTAL-LYGX201403009.htm

    ZHOU Qiang, LIU Chang-you. Multi-leg seat inventory control and pricing strategy[J]. Journal of Henan University of Science and Technology: Natural Science, 2014, 35(3): 32-37. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-LYGX201403009.htm
    [27]
    鲁永峰. 航空货运定价机制与等级舱位控制研究[D]. 北京: 北京交通大学, 2014.

    LU Yong-feng. Research on pricing system and classified shipping space controlling of air cargo[D]. Beijing: Beijing Jiaotong University, 2014. (in Chinese).
    [28]
    曹海娜. 基于MNL模型的平行航班舱位控制与动态定价研究[D]. 北京: 北京理工大学, 2015.

    CAO Hai-na. Study on parallel space flight control and dynamic pricing based on MNL model[D]. Beijing: Beijing Institute of Technology, 2015. (in Chinese).
    [29]
    倪冠群, 徐寅峰, 徐玖平. 航空收益管理价格和座位在线联合控制策略[J]. 管理科学学报, 2014, 17(7): 10-21. https://www.cnki.com.cn/Article/CJFDTOTAL-JCYJ201407002.htm

    NI Guan-qun, XU Yin-feng, XU Jiu-ping. Competitive analysis of revenue management: online joint pricing and booking strategies[J]. Journal of Management Sciences in China, 2014, 17(7): 10-21. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-JCYJ201407002.htm
    [30]
    张小强, 庄乾秋, 陈宇, 等. 铁路集装箱班列动态舱位控制策略研究[J]. 铁道学报, 2016, 38(2): 1-6. https://www.cnki.com.cn/Article/CJFDTOTAL-TDXB201602001.htm

    ZHANG Xiao-qiang, ZHUANG Qian-qiu, CHEN Yu, et al. Research on strategy of dynamic slot allocation for railway containers[J]. Journal of the China Railway Society, 2016, 38(2): 1-6. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-TDXB201602001.htm
    [31]
    周寅艳. 航空公司货运动态定价与容量控制研究[D]. 南京: 南京航空航天大学, 2012.

    ZHOU Yin-yan. Research on dynamic pricing and slot inventory control of airline cargo[D]. Nanjing: Nanjing University of Aeronautics and Astronautics, 2012. (in Chinese).
    [32]
    WEATHERFORD L R. Using prices more realistically as decision variables in perishable-asset revenue management problems[J]. Journal of Combinatorial Optimization, 1997, 1(3): 277-304.
    [33]
    李晓花, 萧柏春. 航空公司收入管理价格与舱位控制的统一分析[J]. 管理科学学报, 2004, 7(6): 63-69, 93. https://www.cnki.com.cn/Article/CJFDTOTAL-JCYJ200406008.htm

    LI Xiao-hua, XIAO Bai-chun. Comprehensive analysis of pricing and seat inventory control in airline revenue management[J]. Journal of Management Science in China, 2004, 7(6): 63-69, 93. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-JCYJ200406008.htm
    [34]
    李豪, 熊中楷, 屈卫东, 等. 基于乘客分类的航空客运座位控制和动态定价综合模型[J]. 系统工程理论与实践, 2011, 31(6): 1062-1070. https://www.cnki.com.cn/Article/CJFDTOTAL-XTLL201106010.htm

    LI Hao, XIONG Zhong-kai, QU Wei-dong, et al. Optimal seating control and dynamic pricing for airline tickets with passenger segment[J]. Systems Engineering—Theory and Practice, 2011, 31(6): 1062-1070. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-XTLL201106010.htm
    [35]
    高金敏, 乐美龙, 曲林迟. 基于超模博弈的定价与舱位控制联合决策研究[J]. 交通运输系统工程与信息, 2015, 15(6): 6-12. https://www.cnki.com.cn/Article/CJFDTOTAL-YSXT201506002.htm

    GAO Jin-min, LE Mei-long, QU Lin-chi. The joint decision making research of pricing and seat inventory control based on supermodel game[J]. Journal of Transportation Systems Engineering and Information Technology, 2015, 15(6): 6-12. (in Chinese). https://www.cnki.com.cn/Article/CJFDTOTAL-YSXT201506002.htm
    • Relative Articles
    • Supplements(0)
    • Cited By
  • 加载中

Catalog

    通讯作者: 陈斌, bchen63@163.com
    • 1. 

      沈阳化工大学材料科学与工程学院 沈阳 110142

    1. 本站搜索
    2. 百度学术搜索
    3. 万方数据库搜索
    4. CNKI搜索
    Get Citation
    PDF
    XML

    Article Metrics

    Article views (3249) PDF downloads(2432) Cited by()
    Proportional views
    Related

    Copyright《Journal of Traffic and Transportation Engineering》编辑部陕ICP备05001904号-1

    Address ：Editorial Department of Journal of Traffic and Transportation Engineering, Chang 'an University, Middle Section of South Second Ring Road, Xi 'an, Shaanxi（710064） Tel：029-82334388 Email：jygc@chd.edu.cn

    All visit:Today's visit:

    Supported by: Beijing Renhe Information Technology Co. Ltd    

    /

    DownLoad:  Full-Size Img  PowerPoint
    Return
    Return