Airline Revenue Management

30 Pages Posted: 20 Feb 2003

See all articles by Kevin Pak

Kevin Pak

Erasmus Research Institute of Management (ERIM); Erasmus University Rotterdam (EUR) - Department of Econometrics

Nanda Piersma

University of Amsterdam - Academy for Economic Studies

Date Written: 22 2002 1,

Abstract

With the increasing interest in decision support systems and the continuous advance of computer science, revenue management is a discipline which has received a great deal of interest in recent years. Although revenue management has seen many new applications throughout the years, the main focus of research continues to be the airline industry. Ever since Littlewood (1972) first proposed a solution method for the airline revenue management problem, a variety of solution methods have been introduced. In this paper we will give an overview of the solution methods presented throughout the literature.

Keywords: revenue management, seat inventory control, OR techniques, mathematical programming

JEL Classification: M, M11, R4, C61

Suggested Citation

Pak, Kevin and Piersma, Nanda, Airline Revenue Management (22 2002 1,). Available at SSRN: https://ssrn.com/abstract=370949

Kevin Pak (Contact Author)

Erasmus Research Institute of Management (ERIM) ( email )

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Erasmus University Rotterdam (EUR) - Department of Econometrics

P.O. Box 1738
3000 DR Rotterdam
Netherlands

Nanda Piersma

University of Amsterdam - Academy for Economic Studies ( email )

PO BOX 295
1000 AG Amsterdam
Netherlands
+31 20 5236434 (Phone)
+31 20 5236459 (Fax)

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