Optimizing Flight and Cruise Occupancy of a Cruise Line

Abstract

The problem described here belongs to the field of revenue managements which origins from the airline industry where it is highly-developed [5, 7]. It has also achieved sophistication to various degrees in other fields of business, e.g. in the cruise industry. We first give a concise introduction to revenue management and its particularities in the cruise industry in section 2 (see [4, 7, 8] for a thorough introduction). Then section 3 introduces and motivates the mathematical model. Results of the optimization are discussed in section 4. Finally, section 5 gives a summary and indicates how this work will be continued. Due to lack of space, this cannot be a comprehensive description. A full description is presented in [3].