A cutting-plane procedure for maximizing revenues in yield management

A cutting-plane procedure for maximizing revenues in yield management

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Article ID: iaor2001812
Country: United States
Volume: 33
Issue: 1/2
Start Page Number: 51
End Page Number: 54
Publication Date: Oct 1997
Journal: Computers & Industrial Engineering
Authors: ,
Keywords: financial, graphs, yield management
Abstract:

A graph-theory approach for allocating seats and setting optimal prices in an origin–destination network is developed. Input includes demand forecasts, computer reservation system restrictions, and aircraft capacities. The concept of a split graph is used to derive cutting planes.

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