Research on Three-Stage Optimization Model for Airline Seat Inventory Control Based on the Callable Mechanism

2018 4th International Conference on Environmental Science and Material Application

生态环境科学;材料科学

Yin, Fangyi^1 ; Li, Cheng^1 ; Liu, Congling^1

Shanghai University of Engineering Science, Shanghai

201620, China^1

关键词: Airline seats;    High class;    Model-based OPC;    Optimization modeling;    Passenger demands;    Risk hedging;    Seat inventory controls;   

Others  :  https://iopscience.iop.org/article/10.1088/1755-1315/252/3/032114/pdf
DOI  :  10.1088/1755-1315/252/3/032114

来源: IOP

【 摘 要 】

Due to the randomness of passenger demand for airline seats, it is almost impossible to predict the demand for high class shipping space, which will lead to serious loss of earnings for airlines. Therefore, it is particularly important to study the method of seat inventory control based on the callable mechanism. In this paper, a three-stage sales model based on the callable mechanism is established. Compared with the traditional two-stage and three-stage sales models, it is found that the implementation of the callable mechanism can enable airlines to realize risk hedging and arbitrage. Finally, numerical examples are given to verify the advantages of the optimization model in this paper.