Abstract:
We discuss overbooking problem in airline industry for utility-maximization. Optimization problems are formulated with consideration of risk-neutral, lose-aversion, and p...Show MoreMetadata
Abstract:
We discuss overbooking problem in airline industry for utility-maximization. Optimization problems are formulated with consideration of risk-neutral, lose-aversion, and prospect theory preferences of managers. A numerical study follows and provides managerial insights.
Published in: Proceedings of 2010 IEEE International Conference on Service Operations and Logistics, and Informatics
Date of Conference: 15-17 July 2010
Date Added to IEEE Xplore: 19 August 2010
ISBN Information: