FIALA, Petr and Renata MAJOVSKÁ. Network revenue capacity control with overbooking. In Nikola Soukupová. Proceedings of the 14th International Scientific Conference INPROFORUM : Business Cycles – more than Economic Phenomena. First edition. České Budějovice: University of South Bohemia in České Budějovice, Faculty of Economics. p. 186-190. ISBN 978-80-7394-824-5. 2020.
Other formats:   BibTeX LaTeX RIS
Basic information
Original name Network revenue capacity control with overbooking
Name in Czech Řízení kapacity síťových výnosů s nadměrnou rezervací
Authors FIALA, Petr and Renata MAJOVSKÁ.
Edition First edition. České Budějovice, Proceedings of the 14th International Scientific Conference INPROFORUM : Business Cycles – more than Economic Phenomena, p. 186-190, 5 pp. 2020.
Publisher University of South Bohemia in České Budějovice, Faculty of Economics
Other information
Original language English
Type of outcome Proceedings paper
Field of Study 50204 Business and management
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
Publication form electronic version available online
WWW URL
Organization unit University of Finance and Administration
ISBN 978-80-7394-824-5
ISSN 2336-6788
Keywords (in Czech) network revenue management; capacity control; overbooking; approximations
Keywords in English network revenue management; capacity control; overbooking; approximations
Tags AR 2020-2021, odmeny_2021, xD2
Tags International impact, Reviewed
Changed by Changed by: Mgr. Tereza Denišová, DiS., učo 12202. Changed: 26/3/2021 09:20.
Abstract
Revenue management is the art and science of enhancing firm revenue while sell-ing the same quantity of product. Network revenue management models attempt to maximize revenue when customers buy bundles of multiple resources. Capacity control and overbook-ing are two fundamental pieces of revenue management. Revenue management practices of-ten include overbooking capacity to account for customers who make reservations but later make cancellations or do not show up. Capacity control deals with the question of which requests should be accepted over time. Capacity control and overbooking decisions interact. The joint problem can be formulated as a dynamic program. This dynamic program cannot be solved by using traditional dynamic programming tools for problems of practical size. The paper analyzes linear approximations of the joint problem of capacity control in network revenue management and overbooking.
Abstract (in Czech)
Revenue management is the art and science of enhancing firm revenue while sell-ing the same quantity of product. Network revenue management models attempt to maximize revenue when customers buy bundles of multiple resources. Capacity control and overbook-ing are two fundamental pieces of revenue management. Revenue management practices of-ten include overbooking capacity to account for customers who make reservations but later make cancellations or do not show up. Capacity control deals with the question of which requests should be accepted over time. Capacity control and overbooking decisions interact. The joint problem can be formulated as a dynamic program. This dynamic program cannot be solved by using traditional dynamic programming tools for problems of practical size. The paper analyzes linear approximations of the joint problem of capacity control in network revenue management and overbooking.
PrintDisplayed: 20/4/2024 04:12