A simulation analysis for the re-solving issue of the network revenue management problem

Kuan-cheng Huang*, Chia Yi Lin

*Corresponding author for this work

研究成果: Article

2 引文 斯高帕斯(Scopus)

摘要

The classic dynamic programming approach is not applicable to the airline network revenue management (RM) problem of a practical size due to the curse of dimensionality. Many heuristic methods, including the most popular bid-price control approach, generate the approximate control decisions based on various static formulations, which need to be re-solved to take into account the dynamic features of the problem. By a simulation experiment, this study examines the re-solving issue of the bid-price method and tests a new method, the parameterized function approach, in which no problem-resolving is required. Based on the results, the parameterized function approach is found to be a promising alternative. As for the bid-price control approach, a high re-solving frequency is needed for a good result.

原文English
頁(從 - 到)36-42
頁數7
期刊Journal of Air Transport Management
38
DOIs
出版狀態Published - 1 一月 2014

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