dc.contributor.authorLin, Bing.en_US
dc.date.accessioned2008-09-18T07:46:24Z
dc.date.available2008-09-18T07:46:24Z
dc.date.copyright2008en_US
dc.date.issued2008
dc.identifier.citationLin, B. (2008). Dynamic revenue management of airline and production systems. Doctoral thesis, Nanyang Technological University, Singapore.
dc.identifier.urihttp://hdl.handle.net/10356/7490
dc.description.abstractThis dissertation investigates revenue management of airline seat inventory control problems and stock rationing of production/inventory problem. In a booking horizon, in order to maximize the total revenue through selling a finite number of seats of a plane, management must repeatedly decide whether to accept a booking request or reserve the seat for later higher-fare bookings. Correspondingly, for a production/inventory system, in terms of minimizing the penalty cost, it is often important to satisfy a class of demand with higher priority than a lower one. Therefore, inventories could be rationed accordingly. In this dissertation, Markov Decision Processes (MDP) has been used to formulate the problems of flight seat inventory control and rationing of the make-to-stock production/inventory system. Optimal policies for these problems have been completely or partially characterized. For each of the problems, numerical studies verify our analytical results.en_US
dc.rightsNanyang Technological Universityen_US
dc.subjectDRNTU::Business::Operations management::Business logistic
dc.titleDynamic revenue management of airline and production systems.en_US
dc.typeThesisen_US
dc.contributor.supervisorChen, Shaoxiangen_US
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.description.degreeDoctor of Philosophy (NBS)en_US


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