Integrated Group and Single Passengers' Seat Inventory Control in Airline Revenue Management

摘要

Group control is very important for the Asian aviation market, especially the Southeast Asian market. By far, there is lack of study about seats inventory control for group passengers in the field of airline revenue management. Seat inventory controls for group passengers and single passengers influence on each other and can not be separated. Considering both of them together, we established a programming model to distribute seats for group passengers and single passengers in this paper. For the model established is non-linear and there is no suitable algorithm, we designed a branch search algorithm to solve it. Empirical results demonstrate the ability of the algorithm to quickly and efficiently solve the model and the ability of the study to improve airline revenue.