Search
 
loader loading subjects...
cover
Simulation Set-up to Measure Revenue Management Performance
Dimitry Huffnagel, Stefaan Ghijs
217 - 229
10.3233/978-1-60750-559-4-217
Air Transport and Operations
Abstract

Revenue management is one of the key strategic business aspects of airlines. In the airline industry, the use of mathematical revenue management models has become a standard due to their revenue enhancing effect. This paper discusses a simulation set-up with which the performance of a revenue management model can be compared to manual inventory control. Results showed that an in-house designed model can indeed improve revenues in a simulation environment compared to the experience-based manual inventory control.

$35.00 / €27.50 / £22.00
Add PDF to cart