Competitive seat inventory control decisions under the regret criterion

Journal of Revenue and Pricing Management

Volumn 9, Issue 1-2, 2010, Pages 49-65

  Gao, Huina ^a   Ball, Michael O ^b   Karaesmen, Itir Z ^b  

^a SENSIS CORPORATION   (United States)

^b UNIVERSITY OF MARYLAND   (United States)

Author keywords

Competition; Distribution free methods; Limited information; Regret; Seat inventory control; Single leg

Indexed keywords

EID: 76149141593     PISSN: 14766930     EISSN: 1477657X     Source Type: Journal    
DOI: 10.1057/rpm.2009.40     Document Type: Article

References (20)

1. Albers, S. (2003) Online algorithms: A Survey. Mathematical Programming, Series B 97: 3-26.
2. Ball, M.O. and Queyranne, M. (2009) Toward Robust revenue management: Competitive analysis of online booking. Operations Research 57: 950-963.
3. Belobaba, P.P. (1987) Airline yield management: An overview of seat inventory control. Transportation Science 21: 63-73.
4. Belobaba, P.P. (1989) Application of a probabilistic decision model to airline seat inventory control. Operations Research 37: 183-197.
5. Bergemann, D. and Schlag, K. (2008) Pricing without priors. Journal of the European Economic Association 6(2-3): 560-569.
6. Birbil, S.I., Frenk, J.B.G., Gromicho, J.A.S. and Zhang, S. (2009) The role of robust optimization in single-leg airline revenue management. Management Science 55: 148-163.
7. Gao, H. (2008) Analysis of distribution-free methods for revenue management. PhD thesis, University of Maryland, College Park, MD, USA.
8. Jiang, H., Netessine, S. and Savin, S (2008) Robust newsvendor competition. Working paper, Cambridge University, Cambridge, UK.
9. Lan, Y., Gao, H., Ball, M. and Karaesmen, I. (2008) Robust revenue management with limited demand information. Management Science 54: 1594-1609.
10. Li, M., Oum, T. and Anderson, C.K. (2007) An airline seat allocation game. Journal of Revenue and Pricing Management 6(4): 260-263.
11. Li, M., Zhang, A. and Zhang, Y. (2008) Airline seat allocation competition. International Transactions in Operational Research 15(4): 439.
12. Lippman, S.A. and McCardle, K.F. (1997) The competitive newsboy. Operations Research 45(1): 54-65.
13. Littlewood, K. (1972) Forecasting and control of passengers. 12th AGIFORS Symposium Proceedings, pp. 95-128.
14. Netessine, S. and Rudi, N. (2003) Centralized and competitive inventory models with demand substitution. Operations Research 51(2): 329-335.
15. Netessine, S. and Shumsky, R. (2005) Revenue management games: Horizontal and vertical competiton. Management Science 51: 813-831.
16. Perakis, G. and Roels, G. (2006) Robust Controls for Network Revenue Management. Los Angeles, CA: UCLA, Anderson School of Management. Working paper , USA.
17. Perakis, G. and Roels, G. (2008) Regret in the newsvendor model with partial information. Operations Research 56: 188-203.
18. Talluri, K. and van Ryzin, G. (2004) The Theory and Practice of Revenue Management. Boston, MA: Kluwer Academic Publishers.
19. Vives, X. (1999) Oligopoly Pricing Old Ideas and New Tools. Cambridge, MA: MIT Press.
20. Wollmer, R.D. (1992) An airline seat management model for single-leg route when low fare classes book first. Operations Research 40: 26-37.