Bumping for Dollars The Airline Overbooking Problem

Bumping for Dollars The Airline Overbooking Problem

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时间:2019-07-11

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1、BumpingforDollars:TheAirlineOverbookingProblem351BumpingforDollars:TheAirlineOverbookingProblemJohnD.BowmanCoreyR.HoumardAdamS.DickeyWakeForestUniversityWinston-Salem,NCAdvisor:FrederickH.ChenIntroductionWeconstructamodelthatexpressestheexpectedreven

2、ueforaflightintermsofthenumberofreservations,thecapacityoftheplane,thepriceofaticket,thevalueofavoucher,andtheprobabilityofapersonshowingupfortheflight.Whenvaluesaresuppliedforeveryvariablebutthefirst,thefunctioncanbemaximizedtoyieldanoptimalbookingthat

3、maximizesexpectedrevenue.Weapplythemodeltothreesituations:asingleflight,twoflightsinachainofflights,andmultipleflightsinachainofflights.Weconcludethatfewerflightswillincreasethevalueofthepenaltyorvoucherandthusdecreasetheoptimalnumberofreservations.Heighte

4、nedsecurityalsolowerstheoptimalnumberofreservations.Anincreaseinpassengers’feardecreasestheprob-abilitythatapersonwillshowupforaflightandthusincreasestheoptimalnumberofreservations.Finally,thelossofbillionsofdollarinrevenuehasnoeffectontheoptimalvalue

5、ofreservations.Wemodeltheprobabilityofagivennumberofpeopleshowingupasabinomialdistribution.Weexpresstheaverageexpectedrevenueofaflightintermsofthenumberofbookingsmade.StartingwiththeSingle-Flightcase,wederiveamodelandrevenuefunctionforaflightunaffected

6、bypreviousflights.Fromthissituation,weexpandthemodeltotheTwo-Flightcase,inwhichtheearlierflightaffectsthenumberofpeoplewhoshowupforthelaterflight.Wegeneralizethemodelevenfurthertothenumberofpeopleshowingupdependingonmanypreviousflights.TheUMAPJournal351–

7、365.cCopyright2002byCOMAP,Inc.Allrightsreserved.Permissiontomakedigitalorhardcopiesofpartorallofthisworkforpersonalorclassroomuseisgrantedwithoutfeeprovidedthatcopiesarenotmadeordistributedforprofitorcommercialadvantageandthatcopiesbearthisnotice.Abs

8、tractingwithcreditispermitted,butcopyrightsforcomponentsofthisworkownedbyothersthanCOMAPmustbehonored.Tocopyotherwise,torepublish,topostonservers,ortoredistributetolistsrequirespriorpermissionfromCOMAP.352TheUMAPJournal23.3(2002)TheModelIneachoftheth

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