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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.
Citation: 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.
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Multi-leg seat inventory control model for airline revenue management

  • 1.

    School of Civil Aviation, Nanjing University of Aeronautics and Astronautics, Nanjing 210016, China

  • 2.

    Department of Industry and Systems Engineering, Hongkong Polytechnic University, Kowloon, Hongkong, China

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  • Author Bio:

    Gao Qiang(1973-), male, doctoraI student, 86-25-84895388, still.gao@126.com

  • Received Date: 2005-05-30
  • Publish Date: 2005-12-25
    Abstract
  • In order to optimize multi-leg seat inventory control, improve airline revenue, multi-leg origin-derivation flows in terms of their fares were sorted, which were regarded as decision variables, the sum of every origin-derivation flow revenue expectation was set as object function, a stochastic program model for multi-leg seat inventory control was established, a genetic algorithm to solve the model was set up. The result using genetic algorithm to solve multi-leg seat inventory control problem shows that the computation maximum error of revenue is 0.34%, revenue computation values are stable, the model is feasible.

     

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